William Blair analyst Arjun Bhatia has reiterated their bullish stance on ZETA stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors including Zeta Global Holdings Corp’s impressive second-quarter performance and the company’s strong future outlook. The company reported a 27% organic growth rate, which exceeded expectations and demonstrated a significant acceleration from the previous quarter. Additionally, Zeta raised its full-year guidance by $21 million, indicating confidence in its business performance and demand trends.
Furthermore, Bhatia highlights Zeta’s unique position in the market with its comprehensive front-office platform that enhances data management and customer engagement, contributing to its competitive advantage. The stock is considered undervalued compared to its fast-growing peers, trading at lower multiples of EBITDA and free cash flow. These factors, combined with the company’s strategic initiatives and innovation in AI, suggest potential for continued growth and make the stock an attractive buy at its current valuation.
Bhatia covers the Technology sector, focusing on stocks such as InterDigital, NICE, and Klaviyo, Inc. Class A. According to TipRanks, Bhatia has an average return of 1.8% and a 44.13% success rate on recommended stocks.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $28.00 price target.