Gold is 2025’s best performer. UBS sees more upside
On Wednesday, Jefferies reaffirmed a Buy rating on ZoomInfo Technologies (NASDAQ:ZI) stock, maintaining a price target of $15.00. The company’s first-quarter results surpassed expectations, primarily due to stronger-than-anticipated sales from enterprise and mid-market customers, which helped to balance out the slight weakness in the small and medium-sized business (SMB) sector.
ZoomInfo’s updated guidance for 2025 reflects a conservative approach amidst growing economic uncertainty. Despite this caution, management has observed no significant changes in client behavior. The updated guidance includes a higher lower end, indicating a slight adjustment based on the strong performance in the first quarter.
The company’s ability to exceed its sales targets in the face of economic headwinds suggests that the underlying fundamentals of ZoomInfo are improving, albeit at a gradual pace. This performance has been driven by the company’s success in attracting and retaining larger clients, which have contributed to its robust financial results.
Jefferies’ analyst highlighted the solid quarterly outcome as a testament to ZoomInfo’s favorable trend in its business fundamentals. The company’s strategy and market position seem to be paying off, as reflected in the positive financial metrics and the raised guidance for the coming years.
Investors and stakeholders of ZoomInfo Technologies can take note of the company’s resilience and potential for growth as it navigates through the challenges posed by the uncertain macroeconomic environment. The reaffirmed Buy rating and steady price target from Jefferies signal confidence in the company’s continued performance.
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