Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

Page 1 of 5

In this article, we will discuss the 5 stocks that recently received updated price targets from analysts post earnings. If you want to see more such stocks on the list, you can directly visit Analysts Are Revising Price Targets of These 10 Stocks Post Earnings.

5. ZoomInfo Technologies Inc. (NASDAQ:ZI)

Number of Hedge Fund Holders: 50

Mizuho cut its price target for ZoomInfo Technologies Inc. (NASDAQ:ZI) from $45 per share to $36 per share on Tuesday, February 7. The research firm referred to the software and data company’s mixed quarterly performance and weak 2023 outlook.

The price-target cut came a day after ZoomInfo Technologies Inc. (NASDAQ:ZI) reported adjusted earnings of 26 cents per share on revenue of $301.7 million for Q4. The results were better than the consensus of 22 cents per share for earnings and $299.5 million for revenue.

However, ZoomInfo Technologies Inc. (NASDAQ:ZI) issued a weak financial outlook for the full year. It projected sales in the range of $1.28 – $1.29 billion, well below the consensus of $1.42 billion.

Follow Zoominfo Technologies Inc. (NASDAQ:ZI)

Page 1 of 5