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$GTM

12 stories mentioning GTM

Every FINWIRES story that references GTM, newest first.

Wire

OpenAI Adds ZoomInfo to Codex for Work as a Sales Intelligence App

Microsoft-backed (MSFT) OpenAI said Tuesday that ZoomInfo Technologies (GTM) is now natively available inside OpenAI Codex for Work as a business-to-business go-to-market intelligence app.The integration brings ZoomInfo's verified company intelligence and contact data into Codex, the company said. Users can ask Codex to identify target accounts, build prospect lists, or analyze companies, and Codex will run the matching ZoomInfo skill and return a verified answer, the company said.Price: $3.34, Change: $-0.49, Percent Change: -12.70%

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Wire

ZoomInfo Technologies Shares Fall After Downgrade From Jefferies

ZoomInfo Technologies (GTM) shares were down more than 2% in Thursday trading after Jefferies downgraded the company's stock to hold from buy and lowered its price target to $4 from $12.Trading volume stood at over 9.8 million shares compared with a daily average of roughly 10.7 million.Price: $3.59, Change: $-0.08, Percent Change: -2.13%

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Research

Jefferies Downgrades ZoomInfo Technologies to Hold From Buy, Adjusts PT to $4 From $12

ZoomInfo Technologies Inc (GTM) has an average rating of Hold and mean price target of $5.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Mizuho Downgrades ZoomInfo Technologies to Underperform From Neutral, Adjusts PT to $3 From $10

ZoomInfo Technologies (GTM) has an average rating of hold and mean price target of $6.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.2% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 5.5%.The Philadelphia Semiconductor index declined 5.2%.In corporate news, Alphabet's (GOOGL) Google said Tuesday it is introducing Googlebook, a new category of laptops built around its AI models and Gemini Intelligence. Its shares were down 0.7%.Zebra Technologies (ZBRA) raised its full-year guidance after reporting fiscal Q1 results above Wall Street's estimates amid broad-based growth across segments and regions. Its shares jumped 10%.Microsoft-backed (MSFT) OpenAI was sued by a college student's family who said that ChatGPT caused their son's overdose because he followed the chatbot's medical advice about mixing substances, Bloomberg reported, citing a lawsuit filed in the Superior Court of California for the County of San Francisco. Microsoft shares were down 1.2%.ZoomInfo Technologies (GTM) faces execution risk in delivering a material re-acceleration in top-line growth amid job cuts, and a downward revision to its full-year 2026 sales guidance is discouraging, RBC Capital Markets said in a note. Stifel downgraded ZoomInfo to hold from buy, while adjusting its price target to $4 from $12. ZoomInfo shares slumped 32%.

$GOOGL$GTM$MSFT$ZBRA
Wire

Top Midday Decliners

Power Solutions International (PSIX) reported late Monday lower-than-expected adjusted EPS and revenue in Q1.Shares sank 40% following a surge in intraday trading volume to over 4.0 million from a daily average of about 675,000.ZoomInfo Technologies (GTM) shares fell about 33% following its Q1 results in the previous day that led some analysts, including from Stifel and Piper Sandler, to downgrade the stock.The firm faces execution risk in delivering a material re-acceleration in top-line growth amid job cuts, and a downward revision to its full-year 2026 sales guidance is discouraging, RBC Capital Markets said in a note.Trading volume jumped to more than 24.6 million shares intra-day from a daily average of about 10.1 million.Piper Sandler downgraded LENZ Therapeutics (LENZ) to neutral from overweight and cut its price target to $12 from $39, following the company's Q1 results late Monday that showed net loss more than doubled from a year ago.Shares dropped about 24%, with intraday trading volume of over 1.6 million, versus a daily average of about 910,000.Price: $37.47, Change: $-24.98, Percent Change: -40.00%

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Sectors

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.4%.The Philadelphia Semiconductor index declined 5.3%.In corporate news, Microsoft-backed (MSFT) OpenAI was sued by a college student's family who said that ChatGPT caused their son's overdose because he followed the chatbot's medical advice about mixing substances, Bloomberg reported, citing a lawsuit filed in the Superior Court of California for the County of San Francisco. Microsoft shares were down 0.8%.ZoomInfo Technologies (GTM) faces execution risk in delivering a material re-acceleration in top-line growth amid job cuts, and a downward revision to its full-year 2026 sales guidance is discouraging, RBC Capital Markets said in a note. Stifel downgraded ZoomInfo to hold from buy, while adjusting its price target to $4 from $12. ZoomInfo shares slumped 34%.Alphabet's (GOOGL) Waymo is recalling 3,791 robotaxis in the US due to a software issue that could likely cause the vehicles to drive onto flooded roads, Reuters reported Tuesday, citing the National Highway Traffic Safety Administration. Alphabet shares were shedding 1.1%.

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Wire

ZoomInfo Technologies Faces Top-Line Growth Execution Risk, RBC Says

ZoomInfo Technologies (GTM) reduced its workforce and shifted to consumption-based pricing, but execution risk around a material re-acceleration in top-line growth persists, while the lower full-year 2026 guidance is discouraging, RBC Capital Markets said in a note emailed Tuesday.The company announced nearly 20% workforce reduction, which is expected to generate $60 million in annualized operating expense savings, at a one-time cost of $45 million to $60 million to be incurred in Q2 and Q3. Management believes this restructuring will help margins reach nearly 40% over time, according to the note.The brokerage said management noted a regression in growth near the end of Q1, driven by a pause in purchasing due to "AI and agentic confusion" as customers faced build versus buy decisions.The Q2 guidance for revenue and non-GAAP operating income was below consensus, while non-GAAP earnings per share were in-line. ZoomInfo also lowered its full-year 2026 guidance, which is now below consensus across all metrics except EPS, according to the note.RBC kept an underperform rating on ZoomInfo Technologies and lowered the price target to $4 from $7.Shares of the company were down more than 33% in Tuesday trading.Price: $4.05, Change: $-2.00, Percent Change: -33.03%

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Wire

UBS Adjusts ZoomInfo Technologies Price Target to $5 From $8.50, Maintains Neutral Rating

ZoomInfo (GTM) has an average rating of hold and mean price target of $6.82, according to analysts polled by FactSet.Price: $4.19, Change: $-1.85, Percent Change: -30.63%

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Research

Stifel Downgrades ZoomInfo to Hold From Buy, Adjusts Price Target to $4 From $12

ZoomInfo (GTM) has an average rating of hold and mean price target of $6.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Canaccord Genuity Downgrades ZoomInfo to Hold From Buy, Adjusts Price Target to $5 From $12

ZoomInfo (GTM) has an average rating of hold and mean price target of $6.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Piper Sandler Downgrades ZoomInfo to Underweight From Neutral, Adjusts Price Target to $4 From $7

ZoomInfo (GTM) has an average rating of hold and mean price target of $6.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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