Needham Reiterates Buy Rating on ZoomInfo Technologies (ZI)

Needham analyst Joshua Reilly reiterated a Buy rating and $15.00 price target on ZoomInfo Technologies (NASDAQ: ZI).

The analyst commented: "ZoomInfo reported solid Q4 results, with NRR improving two points Q/Q to 87%, and marked the first sequential improvement since Q1/22. We belive the business is at an inflection point following GTM and product changes over the last 18 months that position the company to attack their newly defined Up-Market (100+ employees) customer segment, which comprises 70% of ACV exiting the year and likely 75% by YE 2025. CoPilot is now $150mm of ACV, and Operations OS growth accelerated Q/Q by 5 points to 27% Y/Y with over $100mm now in ACV. We believe management wisely positioned guidance conservatively for 2025, and we are increasingly confident they can return to a beat and raise cadence as the year progresses. Given the current valuation @$11.00/share post close of EV/FCF of 11.5x, we expect additional multiple expansion post Q4 results."

For an analyst ratings summary and ratings history on ZoomInfo Technologies click here. For more ratings news on ZoomInfo Technologies click here.

Shares of ZoomInfo Technologies closed at $9.53 yesterday.

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