Barclays Remains Cautious on Zoominfo Technologies (GTM)

Zoominfo Technologies Inc. (NASDAQ:GTM) is currently showing notable potential upside and hedge fund support, helping its case as one of the Best Tech Stocks Under $10 to Buy, but analysts have more tempered expectations for the stock.

On January 12, Barclays maintained an Equal Weight rating on Zoominfo while cutting the price target to $12 from $14. In his report, analyst Raimo Lenschow noted that “stock valuation levels are low and the sector is out of favor,” in his commentary on software companies’ prospects for this year. Nonetheless, Lenschow expects the software industry to remain in a favorable setup for 2026, which could help the stock valuations of tech companies like Zoominfo Technologies Inc. (NASDAQ:GTM), as spending on IT services remains stable.

cloud computing

Photo by Hazel Z on Unsplash

The next day, on January 13, RBC Capital analyst Rishi Jaluria maintained his Sell rating and $8 price target on the stock in a new report.

Zoominfo Technologies Inc. (NASDAQ:GTM) operates a cloud-based platform that offers information on organizations and professionals for sales and marketing teams. The company’s platform covers sales leadership, sales development, marketing, demand generation, sales and marketing operations, and recruiting.

While we acknowledge the risk and potential of Zoominfo Technologies Inc. (NASDAQ:GTM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GTM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.