ZoomInfo price target lowered to $30 from $34 at Stifel

Stifel analyst J. Parker Lane lowered the firm’s price target on ZoomInfo to $30 from $34 and keeps a Buy rating on the shares. The company’s Q1 results and guidance offered "no real surprises," with ZoomInfo delivering modest upside to headline numbers in Q1, the analyst tells investors. The company said the start of Q2 has been better than Q1, with signs of sales efficiency stabilizing, Stifel says. The firm has more confidence in the company’s near term outlook than recent quarters.