ZoomInfo Q1 results should stabilize shares, says Barclays

Barclays analyst Raimo Lenschow reiterates an Overweight rating on ZoomInfo with a $34 price target following the Q1 results. The analyst believes the print is "capable enough to stabilize share performance." ZoomInfo was able to deliver in-line results and mostly reiterates its fiscal year outlook, which is a positive signal to investors, the analyst tells investors in a research note. The firm continues to like the story with compares easing in the second half of 2023.