ZoomInfo price target lowered to $28 from $33 at Raymond James

Raymond James lowered the firm’s price target on ZoomInfo to $28 from $33 and keeps an Outperform rating on the shares. ZoomInfo’s Q1 results were roughly in line with estimates, though overall growth was impacted by softening trends within the software vertical, the analyst tells investors in a research note. The firm thinks some softness is priced in, with shares down 28% year-to-date following a challenging 2022.