Why ZoomInfo Technologies Stock Jumped Today

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. 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.