ZoomInfo Technologies (ZI), mcap=$12.5bn, price $31.05 vs $47.50

Pitch: Enterprise software provider with a go-to-market platform for sales reps. Sports accelerating 50%+ growth with no peers at scale. ZI multiple has come down from 26x ARR to 15x today Author believes current ZI growth rates are durable due to:
(1) secular trend of sales org transitioning to data-driven selling
(2) high net revenue retention
(3) strong growth of high value and international accounts
(4) no remotely comparable peers.

Valuation: ZI trades at 14.5x NTM ARR and 37x fwd FCF. $130/share price target assumes 33% revenue and 36% FCF CAGR with 35x FCF exit multiple.

Exp. gain: +170% to $130/share by 2025

Full ZI write-up (free guest account required):

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