Canaccord lowered the firm’s price target on Zeta Global (ZETA) to $26 from $28 and keeps a Buy rating on the shares. The firm said results showed mid-20% organic revenue growth continues to be an upside outlier in the software space, the firm has seen zero macro disruption with either acquiring new customers or growing existing ones, which is a comment that extends through the month of April, Zeta has signed several of its largest ever new clients in the last 60-90 days, and this quarter showed nice progress on EBITDA-to-FCF conversion metrics and management is committed to taking down normal course SBC and share count dilution over the next couple of years.
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Read More on ZETA:
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