Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Zeta Global Holdings Corp yesterday and set a price target of $24.00.
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Koji Ikeda has given his Buy rating due to a combination of factors including Zeta Global Holdings Corp’s impressive second-quarter performance and its strong growth outlook. The company reported revenue and adjusted EBITDA that surpassed both Ikeda’s and the Street’s estimates, leading to an increase in 2025 revenue guidance by $21 million. This increase reflects confidence in Zeta’s pipeline and visibility, suggesting that its data and execution capabilities are highly differentiated and provide significant returns on investment for its marketing and advertising clients.
Furthermore, Ikeda highlights Zeta’s ability to grow even without contributions from its recent acquisition, LiveIntent, with the rest of the business showing a 27% year-over-year growth in the second quarter. The company’s attractive revenue growth and profitability profile, characterized by a Rule-of-47 for 2025 and a recent Rule-of-54 in the second quarter, further supports the Buy rating. The price objective of $24 implies a 50% upside, based on a 4.3x EV/CY26E revenue multiple, which is a premium to its small-cap software peers, reflecting higher confidence in Zeta’s execution capabilities.
According to TipRanks, Ikeda is a 5-star analyst with an average return of 12.2% and a 57.21% success rate. Ikeda covers the Technology sector, focusing on stocks such as Gitlab, Datadog, and Onestream, Inc. Class A.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $28.00 price target.