ZoomInfo Technologies: I Await More Evidence Of Growth Recovery, Hold
ZoomInfo Technologies (ZI) Seeking Alpha·2024-08-13 13:11
JHVEPhoto Investment summary My previous investment thought for ZoomInfo Technologies (NASDAQ:ZI) (published on 30th May) was a sell rating because valuation was relatively expensive compared to peers that are experiencing similar growth weakness. Indeed, ZI's share price has fallen sharply since the end of May, from ~$12 to $9 today, with valuation multiple revised from 4.4x forward revenue to 3.6x. I am now hold-rated for ZI as I await more evidence of demand recovering that translates into revenue growth ...