ZoomInfo price target raised to $20 from $18 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on ZoomInfo to $20 from $18 and keeps an Equal Weight rating on the shares. The analyst sees the ZoomInfo quarter as solid, but one that had the benefit of going up against lowered expectations. Although fiscal 2024 revenue guidance slightly missed sell-side numbers, commentary indicates a tone of conservatism, the analyst tells investors in a research note.