11:53 AM EDT, 05/13/2025 (MT Newswires) -- ZoomInfo Technologies' ( ZI ) (ZI, GTM) Q1 revenue declined from the previous year, but the pace of drop has moderated, and billings were flat, RBC Capital Markets said in a note emailed Tuesday.

The company, which began trading under the ticker GTM Tuesday, saw Q1 growth of 3% in its up-market segment, which now makes up 71% of the business, according to the note.

"Management indicated Copilot continued to gain traction in the quarter, attracting new customers while driving an uplift on a per-seat basis from migrations," the firm said.

RBC said the guidance revision for ZoomInfo's ( ZI ) fiscal year 2025 revenue and earnings per share is conservative due to macroeconomic uncertainty but prudent.

The firm maintained its underperform rating on the company's stock with a $6 price target.

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