Zeta Global shares target raised, reiterates Outperform on growth outlook
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Oppenheimer has increased its stock price target for Zeta Global Holdings Corp from $18.00 to $20.00, while reiterating an Outperform rating on the stock. The firm anticipates the company to continue its robust performance into the second half of 2024, propelled by a combination of cyclical tailwinds and improving market conditions. Zeta Global is expected to report favorable results for the upcoming second-quarter earnings, driven by strong demand for marketing orchestration and automation technologies. Zeta Global has also announced a partnership with RallyPoint and launched the Zeta Economic Index (ZEI). RBC Capital, BofA Securities, and Needham have also expressed positive views on Zeta Global. Imran Khan has joined Zeta Global's Board of Directors. Analysts project strong financial health for Zeta Global in 2024, with estimated revenue at $897.1 million and an EBITDA estimate of $170.2 million.



https://www.investing.com/news/company-news/zeta-global-shares-target-raised-reiterates-outperform-on-growth-outlook-93CH-3510831