ZI - ZoomInfo Whispered The Magic Words

2024-02-19 10:36:47 ET

Summary

• ZoomInfo introduces AI-powered Copilot to enhance sales and marketing efforts.
• The headwinds ZI faced due to tech layoffs are almost behind them which will lead to easier comps in the second half of the year.
• ZoomInfo's conservative guidance for 2024 suggests potential for above-expectation revenue growth and market transformation through AI offerings.

“We’re introducing our generative AI-powered Copilot.”

Those are the magic words that will send just about any stock higher. The main theme in the market right now is the expansion of artificial intelligence. That’s why we see stocks like NVDA, SMCI, AMAT, and TSM going higher nearly every day. Any company wanting to get investors’ attention must introduce AI products. And that’s what ZoomInfo ( ZI ) did when it reported earnings....

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