ZoomInfo price target lowered to $34 from $37 at UBS

UBS analyst Taylor McGinnis lowered the firm’s price target on ZoomInfo to $34 from $37 but keeps a Buy rating on the shares ahead of its Q4 results. The analyst is citing her channel checks, with the majority of feedback consistent with Q3, though the commentary also indicated some weaker data points related to churn, some modest discounting, and the vulnerability of ZoomInfo spend in light of layoffs and slower headcount growth. McGinnis adds however that the stock may already reflect these weaker checks as ZoomInfo is at the top of the list for worst-performing software stocks year-to-date.