Why ZoomInfo Technologies Stock Jumped Today
Shares of ZoomInfo Technologies (NASDAQ: ZI), a cloud-based market-intelligence platform, popped today after the company's stock received an upgrade from hold to buy from Canaccord Genuity analyst David Hynes yesterday.
The company's stock was up as much as 15.5% in today's trading. But as of 2:22 p.m. EDT, the stock had gained 12.9%.
Hynes upgraded ZoomInfo's stock to a buy and raised the stock's price target to $50 in an investor report. Hynes believes demand for the company's services could increase because businesses need additional insights as more employees are working from home.
Source Fool.com
