ZoomInfo price target lowered to $35 from $43 at Canaccord

Canaccord analyst David Hynes lowered the firm’s price target on ZoomInfo to $35 from $43 and keeps a Buy rating on the shares. The analyst noted growth is materially slowing, NRR likely goes sub-100%, FCF conversion is seeing headwinds, and the metrics are going to get worse before they get better. Canaccord said with the "bad news" now officially out there, we think it’s a good time to be stepping up on the stock.