10 Best Low Priced Stocks to Invest in For the Long Term

2. ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stock Price as of May 6: $8.89

Market cap as of May 6: $3.18 billion

Number of Hedge Fund Holders: 51

ZoomInfo Technologies Inc. (NASDAQ:ZI) is engaged in providing go-to-market intelligence and an engagement platform for sales, marketing, operations, and recruiting professionals. Surinder Thind from Jefferies reiterated a “Buy” rating on the company’s stock, with the price objective of $15.00. The rating is backed by a combination of factors demonstrating its growth potential and value.  As per the analyst, the roll-out of the CoPilot product happens to be a significant growth driver. The CoPilot product remains critical in bringing new customers and improving revenue from existing ones, added Thind. Elsewhere, analyst Mark Murphy of J.P. Morgan remains optimistic about ZoomInfo Technologies Inc. (NASDAQ:ZI)’s stock.

This analyst’s rating is backed by a combination of factors demonstrating the company’s potential for long-term growth. As per the analyst, ZoomInfo Technologies Inc. (NASDAQ:ZI) has demonstrated progress in stabilizing its business. The analyst highlighted the company’s strategic transition to higher-value customers and implementation of a new business risk model targeted at reducing write-offs.

Additionally, ZoomInfo Technologies Inc. (NASDAQ:ZI)’s emphasis on upmarket growth and operational improvements can result in sustainable growth, added Murphy. The company’s pivot to targeting larger enterprise clients exhibits a significant opportunity for growth. Enterprise clients tend to have larger budgets and more complex needs, which can lead to increased average contract values.