Asia FX muted, dollar nurses losses as Trump tariffs take effect
Investing.com - Jefferies raised its price target on ZoomInfo Technologies (NASDAQ:ZI) to $15.00 from $14.00 on Tuesday, while maintaining a Buy rating on the stock. According to InvestingPro data, analyst targets for ZI range from $7.00 to $15.00, with the company currently showing a FAIR financial health score.
The firm cited ZoomInfo’s better-than-expected second-quarter results and raised guidance, which reflected both the earnings beat and improving fundamentals in the business. The company maintains impressive gross profit margins of 87.9%, though it trades at a relatively high P/E ratio of 91.4x.
Jefferies noted that ZoomInfo’s Copilot feature is being adopted at a faster pace than anticipated, with stronger renewal activity among early adopters of the technology.
The research firm highlighted continued growth of more than 20% within ZoomInfo’s Data-as-a-Service (Operations O/S) business, along with the early release of GTM Studio as positive developments for the company.
Jefferies also mentioned that ZoomInfo reduced its workforce by 6% in June, a move that should help support profit margins in the second half of 2025.
In other recent news, ZoomInfo Technologies reported robust second-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.25, surpassing the consensus estimate of $0.23. Revenue for the quarter reached $306.7 million, beating the anticipated $296.37 million and marking a 5% year-over-year increase. This performance was driven by improved customer retention and expansion among larger clients. Following these results, ZoomInfo raised its full-year revenue guidance for 2025 by 1.7%. Additionally, Goldman Sachs increased its price target for ZoomInfo from $8.50 to $9.40, although it maintained a Sell rating. These developments reflect positively on ZoomInfo’s financial health and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.