ZoomInfo Technologies is a "Buffett-esque" stock with big upside ahead, according to DA Davidson. Analyst Gil Luria initiated coverage of ZoomInfo Technologies with a buy rating, saying the software provider for corporate sales and marketing teams is a "rare" value pick in the sector.
It rose 33% in 2021, but dropped 53% in 2022. This year, it's already down 28% this year. Still, the analyst's $30 price target implies 39% upside from Wednesday's closing price. The stock popped 1% in Thursday trading. Luria said he sees a "really tough year for, but noted the stock has "actual valuation protection" without much downside to its multiple. It also has a competitive dividend yield.
Source: Tech Daily Report (techdailyreport.net)
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