The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which resumed the stock as “Overweight” in its note to investors issued on October 05, 2022, recommending a price target of $66 for it. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
17 analysts suggested the investors to Buy the stock while 1 advised them to Hold. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. And to attain the median price target of $65.00 assigned by those analysts, stock has to add about 25.2% of value to its current levels.ĭata by FactSet Research shows that 20 analysts have issued their ratings for the stock. Average price target assigned by them is $64.17 which highlights an upside potential of 24.23% for the stock over that period. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $50.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $85.00. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. (ZI)’s stock is currently under the radar of 20 analysts who are in consensus at a 12-month price target range of between $50.00 and $85.00 for company’s shares. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.75 which implies that the stock is in neutral territory. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.36% during that period while stretching the period over a month that decreases to 4.25%. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $44.81 while that of 200 days or SMA-200 reads an average of $47.43. (ZI) gives us an average price of $43.17, while its current price level is -38.59% below from 52-week high level whereas it is 60.41% above from lowest level seen by the stock during that period. Taking a look at 20-day trading activity of ZoomInfo Technologies Inc.
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