Analyst Koji Ikeda from Bank of America Securities reiterated a Buy rating on Zeta Global Holdings Corp (ZETA – Research Report) and increased the price target to $32.00 from $30.00.
Koji Ikeda has given his Buy rating due to a combination of factors including Zeta Global Holdings Corp’s robust financial performance and promising future targets. The company reported strong fourth-quarter results for 2024, with revenue and free cash flow exceeding market expectations. The guidance for 2025 also surpasses consensus estimates, indicating confidence in continued growth despite some challenges in organic revenue growth.
Furthermore, Zeta’s management has set ambitious targets for 2028, projecting significant revenue and EBITDA growth. The company’s track record of achieving past targets, coupled with its strong net revenue retention rate, suggests it is successfully capturing market share. The “One Zeta” initiative and potential growth from AI further bolster its outlook. Consequently, Ikeda raised the price objective to $32, reflecting a 60% upside potential based on these positive factors.
Ikeda covers the Technology sector, focusing on stocks such as Datadog, nCino, and BlackLine. According to TipRanks, Ikeda has an average return of 14.7% and a 59.83% success rate on recommended stocks.