4 Cloud Stocks Coming Off Red-Hot Earnings
Stifel issued a few calls recently on cloud stocks and their bullish prospects. Each call was fairly positive, forecasting solid upside—one of the reports even suggests over 75% upside.
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ZoomInfo’s (NASDAQ: ZI) volume is now up to 14.9 million, which is more than double its daily average volume of 6.8 million shares.
As noted earlier, the company just announced it will change its ticker to GTM after the bell. Plus, it’s expanding its focus on AI-powered go-to-market (GTM) tools.
Helping, analysts at DA Davidson just raised their price target on ZI to $10. All thanks to ZoomInfo’s strong top-line beat.
ZoomInfo’s intraday volume of 14.9 million is double its daily average volume of 7.16 million.
All thanks to its ticker change to GTM, which is expected after the closing bell. That’s being done better reflect its expanded focus on AI-powered go-to-market (GTM) tools.
At the moment, three analysts have a buy rating on the stock, with an average price target of $10.66 (3% gain) and a high-end price target of $15 (a potential 45% gain).
Additionally, the company’s launch of new AI-powered products, including Go-To-Market Studio and Copilot, will help position ZoomInfo as a core go-to-market platform.
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Shares of ZoomInfo Technologies (NASDAQ: ZI) are up more than 10%, or 96 cents.
Volume is up to 14.4 million shares, more than double the daily average of 7.16 million. Fueling the upside, the company just announced it will change its ticker to GTM due to its expanded focus on AI-powered go-to-market (GTM) tools.
The company also introduced GTM Studio, a new workspace within its GTM Intelligence Platform.
In its most recent quarter, the company’s EPS of $0.23 beat estimates by a penny. Revenue of $305.7 million, while down 1.4% year over year, still beat estimates by $10.18 million.
It also closed the quarter with 1,868 customers with $100,000 or more in annual contract value. That’s up 1% quarter over quarter and up 108% year over year.
Not too shabby.
Then, for the full year 2025, it raised the low end of revenue guidance to a range of $1.195 billion to $1.205 billion, with adjusted operating income of $426 million to $436 million and a 36% margin at the midpoint of guidance.
Plus, it bought back 8.6 million shares, which signals confidence in long-term growth.
This morning, analysts at Mizuho raised their price target on ZI to $10 following a strong earnings report. Wells Fargo raised its price target to $10 with an equal weight rating. Bank of America raised its price target to $9 with an underperform rating.
Piper Sandler raised its price target to $11 thanks to Zoominfo’s slight acceleration in annual recurring revenue. Barclays also raised its price target to $11 with an equal weight rating after a strong earnings report.
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Stifel issued a few calls recently on cloud stocks and their bullish prospects. Each call was fairly positive, forecasting solid upside—one of the reports even suggests over 75% upside.
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