Zeta Global Holdings Corp (ZETA – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst David Hynes from Canaccord Genuity maintained a Buy rating on the stock and has a $28.00 price target.
David Hynes has given his Buy rating due to a combination of factors that highlight Zeta Global Holdings Corp’s strong performance and promising future. The company reported a robust 50% revenue growth in Q4, with significant organic growth and an increase in high-value customer engagement, indicating effective direct selling strategies and expanding customer relationships. Additionally, Zeta’s new 2028 targets project substantial revenue, EBITDA, and free cash flow growth, supported by conservative underlying assumptions, showcasing the company’s potential for sustained expansion.
Moreover, Zeta has addressed concerns raised in recent short reports by hiring independent firms to evaluate its accounting and data practices, resulting in a clean bill of health. This proactive approach, combined with consistent execution and a growing opportunity pipeline, positions Zeta favorably in the market. The company’s data-driven, all-in-one approach continues to attract and retain customers, suggesting a long runway for growth and justifying the Buy rating.
Hynes covers the Technology sector, focusing on stocks such as Workday, ServiceNow, and Atlassian. According to TipRanks, Hynes has an average return of 7.1% and a 53.82% success rate on recommended stocks.
In another report released today, Oppenheimer also reiterated a Buy rating on the stock with a $37.00 price target.