Morgan Stanley analyst Elizabeth Porter lowered the firm’s price target on ZoomInfo to $18 from $20 and keeps an Equal Weight rating on the shares. The firm’s channel conversations picked up a stable to slightly improving environment across the Software-as-a-Service group and demand stabilization, along with lower expectations, makes the firm “constructive on FY24 setups,” the analyst tells investors in a group preview note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZI: