ZoomInfo price target lowered to $34 from $36 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on ZoomInfo to $34 from $36 and keeps an Overweight rating on the shares. The company’s Q4 results show that the macro environment is still evolving and headwinds continue to loom, the analyst tells investors in a research note. The firm believes ZoomInfo is continuing to struggle to upsell to its base upon renewals.