Needham lowered the firm’s price target on Zeta Global (ZETA) to $25 from $43 and keeps a Buy rating on the shares. The company reported strong Q1 results, which were supported by robust client adds, though the stock declined as the full magnitude of beat did not flow through to the FY25 guidance raise, the analyst tells investors in a research note. The firm is also citing software valuations trending lower.
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Read More on ZETA:
- KeyBanc stays sidelined on Zeta as CEO says people interested in buying company
- Zeta Global CEO says ‘taking calls from people trying to buy us’
- Zeta Global price target lowered to $25 from $30 at RBC Capital
- Zeta Global Holdings Corp: Strong Performance and Strategic Growth Potential Justify Buy Rating
- Zeta Global price target lowered to $26 from $28 at Canaccord
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