Deutsche starts ZoomInfo at Hold with shares double IPO price » 06:5406/3006/30/20
Deutsche Bank analyst…
Deutsche Bank analyst Taylor McGinnis last night initiated coverage of ZoomInfo Technologies with a Hold rating and $50 price target. The shares have more than doubled from the initial public offering price, McGinnis tells investors in a research note titled "ZOOMed Ahead Before We Had A Chance." The rally is driven by a recognition of ZoomInfo's "impressive and rare" margin profile as well as its "consistent, durable" sales growth that is experiencing near-term tailwinds from the work from home phenomenon, says the analyst.
ZoomInfo initiated with a Hold at Deutsche Bank » 18:4106/2906/29/20
Deutsche Bank initiated…
Deutsche Bank initiated coverage of ZoomInfo Technologies with a Hold rating and $50 price target.
ZoomInfo initiated with a Market Perform at JMP Securities » 09:0806/2906/29/20
JMP Securities analyst…
JMP Securities analyst Patrick Walravens initiated coverage of ZoomInfo (ZI) with a Market Perform rating. The analyst is positive on the company's leading position with a data platform that "fuels" CRM solutions via up-to-date contact information for over 120M professionsl, Walravens also notes ZoomInfo "impressive" financial profile but urges investors to wait for a better entry point given the stock's premium valuation while citing the risk around sales headwinds due to Covid-19, privacy regulations, and more direct competition from Microsoft's (MSFT) LinkedIn.
ZoomInfo initiated with a Neutral at JPMorgan » 08:4506/2906/29/20
JPMorgan analyst Mark…
JPMorgan analyst Mark Murphy initiated coverage of ZoomInfo Technologies with a Neutral rating and $50 price target. Exposure to "healthy" end markets, "rapid" revenue growth and "at-scale" financial profile make ZoomInfo a "unique asset" among software companies, Murphy tells investors in a research note.
ZoomInfo initiated with a Buy at Mizuho » 07:4006/2906/29/20
Mizuho analyst Siti…
Mizuho analyst Siti Panigrahi initiated coverage of ZoomInfo Technologies with a Buy rating and $63 price target. ZoomInfo offers a sales intelligence platform that has "best-in-class accuracy and breadth of business professionals' data, Panigrahi tells investors in a research note. The analyst expects the company to sustain its "robust levels" of revenue growth and operating margins.
ZoomInfo initiated with an Outperform at Raymond James » 07:3106/2906/29/20
Raymond James analyst…
Raymond James analyst Brian Peterson initiated coverage of ZoomInfo with an Outperform rating and $56 price target. The analyst understands potential skepticism given the 143% jump in the stock since the IPO, but says the company's balance of growth/profitability that approaches the rule of 90 is truly an elite financial profile. Peterson says near-term trends also look quite encouraging, with ZoomInfo showing resurging growth in April as the pandemic has only heightened the importance of digital engagement models.
ZoomInfo initiated with a Buy at SunTrust » 07:1306/2906/29/20
SunTrust analyst Terry…
SunTrust analyst Terry Tillman initiated coverage of ZoomInfo with a Buy rating and $60 price target. The analyst is citing the company's "rare combination of strong top-line growth and best-in-class profitability" while also noting its positive B2B sales/marketing outcomes, driven by its go-to-market intelligence platform. Tillman adds that ZoomInfo's premium valuation is warranted by the accelerating demand for go-to-market intelligence and company-specific drivers, creating the potential for significant revenue and profit upside.
ZoomInfo initiated with an Equal Weight at Barclays » 07:1206/2906/29/20
Barclays analyst Raimo…
Barclays analyst Raimo Lenschow initiated coverage of ZoomInfo Technologies with an Equal Weight rating and $54 price target.
Morgan Stanley starts fully-valued ZoomInfo at Equal Weight » 06:3806/2906/29/20
As previously reported,…
As previously reported, Morgan Stanley analyst Stan Zlotsky initiated coverage of ZoomInfo with an Equal Weight rating and $50 price target. The business-to-business sales capabilities provided by ZoomInfo's data intelligence platform "are always paramount, but they take on an even greater importance during COVID," said Zlotsky, who believes the pandemic could force sales organizations to change their traditional go-to-market methods. However, he believes the company's "big opportunity" appears to be priced in.
ZoomInfo initiated with a Market Perform at JMP Securities » 06:3006/2906/29/20
JMP Securities analyst…
JMP Securities analyst Patrick Walravens initiated coverage of ZoomInfo with a Market Perform rating.