ZoomInfo Technologies Inc (ZI) has shown recent bullish momentum, crossing above its 200-day moving average (DMA) at $10.85, a positive technical signal. The stock closed at $11.065 on March 24, 2025, with a pre-market gain of 1.93%. Key technical indicators include:
ZoomInfo recently reported strong Q4 2024 earnings, beating analyst estimates with adjusted EPS of $0.26 (vs. $0.22 expected) and revenue of $309.1M (vs. $297.64M expected). Despite a 2% YoY revenue decline, the company showed operational improvements, including a 35% operating margin and $562.3M in stock buybacks. Management guidance for Q1 2025 was conservative but positive, with expected revenue of $294-$297M.
Analysts have responded positively, with price target increases from firms like Canaccord Genuity (to $15) and Piper Sandler (to $11). The stock surged 24.9% post-earnings, reflecting improved sentiment.
Based on technical indicators and positive earnings momentum, ZI is expected to rise next week. The stock is likely to test resistance at $11.33 and $11.62. Predicted price: $11.50. Recommendation: Buy.
The price of ZI is predicted to go up -4.97%, based on the high correlation periods with VVX. The similarity of these two price pattern on the periods is 95.98%.
ZI
VVX
Canaccord Genuity
2025-02-26
Price Target
$14 → $15
Upside
+27.88%
Morgan Stanley
2025-02-26
Price Target
$11 → $13
Upside
+10.83%
Wells Fargo
2025-02-26
Price Target
$11 → $12
Upside
+2.3%