Stifel lowered the firm’s price target on ZoomInfo to $20 from $27 and keeps a Buy rating on the shares after the company posted results that the firm called “mixed versus tempered expectations.” The company, which noted that the operating environment has remained challenging and made no major changes to the full-year guidance, noted that the current cycle of renewals will be challenging through at least Q1 of 2024, the analyst tells investors.
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