ZoomInfo slides after slashing FY 2026 revenue forecast

ZoomInfo Technologies

12/05/2026 11:52

**  ZoomInfo Technologies Inc GTM.O shares plunge 34.8% in premarket trading on Tuesday after the company cut its full-year revenue forecast

** Go‑to‑market intelligence and sales engagement platform lowered FY 2026 GAAP revenue forecast to $1.185 billion to $1.205 billion, from $1.247 billion to $1.267 billion

** Cannacord Genuity downgrades the stock's rating to "hold" from "buy"; slashes PT to $5 from $12

** Piper Sandler also lowered its rating to "underweight" from "neutral," while BTIG downgraded the stock to "neutral" from "buy"

** Canaccord says "we've stuck with ZoomInfo in the past, primarily on the basis that the stock was simply too cheap to downgrade; over much of that stretch, however, we learned that 'cheap, absent a catalyst' is not a great place to position in software"

** Twenty-two analysts rate the stock "hold" on average; median PT $8.5 - data compiled by LSEG

** Up to last day's close, the stock had fallen nearly 41% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))