Shares of ZoomInfo Technologies Inc. (ZI) surged over 5% in Thursday's intraday trading session, following a significant rally on Wednesday amid a bullish outlook and strong earnings guidance for the upcoming year.
The data intelligence company's stock jumped 23.08% on Wednesday, fueled by investor optimism after ZoomInfo raised its revenue and earnings forecasts for fiscal 2025. The company expects revenues to range between $294 million to $297 million, exceeding analyst consensus estimates of $292.4 million. Additionally, ZoomInfo guided for earnings per share between 22 cents to 23 cents, slightly above the consensus expectation of 22 cents.
Analysts have highlighted ZoomInfo's promising growth prospects and potential undervaluation. A recent analysis by Simply Wall St suggests that the company's intrinsic value could be as high as $17.53, indicating a significant upside from its current trading levels. With profits expected to more than double in the coming years, ZoomInfo's future outlook appears bright, supporting the recent rally in its stock price.
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