ZoomInfo Technologies May Reduce its 2023 Revenue Growth Guidance 
<p>BofA Securities lowered its price target on <a href='https://financialmodelingprep.com/financial-summary/ZI'>ZoomInfo Technologies (NASDAQ:ZI)</a> to $30.00 from $32.00 while maintaining a Neutral rating, noting it believes there is a risk to the revenue growth guidance of 16-17% for 2023.</p>
<p>The recent software and technology layoffs, along with potential constraints on financial services tech spend, may lead to a reduction in guidance during the upcoming Q1/23 earnings call, according to BofA Securities. Despite this, analysts believe that the software company can generate significant free cash flow, which could help support its valuation.</p>
<p>The analysts view ZoomInfo’s stock's risk-reward as balanced given ongoing technology sector layoffs and disruption in financial services.</p>

NASDAQ:ZI