Zeta Global price target lowered to $20 from $25 at Needham

Needham analyst Scott Berg lowered the firm’s price target on Zeta Global (ZETA) to $20 from $25 and keeps a Buy rating on the shares following a transfer of coverage. The firm cites the recent pullback in software valuations for the target drop. Zeta has a “compelling yet differentiated” platform sold to a diversified client base, and “strong” investments support its fiscal 2028 revenue growth goals while driving much improved profitability, the analyst tells investors in a research note. Needham believes the stock’s valuation “looks highly attractive.”