ZoomInfo price target lowered to $25 from $34 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on ZoomInfo to $25 from $34 and keeps an Overweight rating on the shares. The stock could see pressure in the short term given the “model reset” post Q2 report, the analyst tells investors in a research note. However, the firm argues that estimates “should be fully de-risked now,” which creates a “proper base case to look at this high margin software business again.” The issues are not with ZoomInfo, but end markets and the cycle, and those will improve eventually, says Barclays.