ZoomInfo price target lowered to $36 from $45 at Mizuho

Mizuho analyst Siti Panigrahi lowered the firm’s price target on ZoomInfo to $36 from $45 and keeps a Buy rating on the shares. The company reported mixed Q4 results, delivering a slight revenue beat to consensus along with worsening macro commentary and weak 2023 guidance, the analyst tells investors in a research note. The firm believes management has "de-risked guidance and could deliver upside if macro conditions improve." Nonetheless, it expects ZoomInfo shares to remain range-bound near-term.