BofA raised the firm’s price target on Zeta Global (ZETA) to $24 from $20 and keeps a Buy rating on the shares. Q2 revenue and adjusted EBTIDA came in above the firm’s and Street estimates, while 2025 revenue guidance was raised by $21M, which is more than the $12M Q2 beat, the analyst tells investors. The firm believes the strong Q2 performance is validation that Zeta’s data and execution capabilities are differentiated, says the analyst, who is “expecting more good results to come.”
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Read More on ZETA:
- Zeta Global price target raised to $28 from $26 at Canaccord
- Zeta Global Exceeds Expectations with Strong Q2 Performance
- Zeta Global reports Q2 adjusted EBITDA $58.8M vs. $38.5M last year
- Zeta Global sees Q3 revenue $327M-$329M, consensus $323.4M
- Zeta Global raises FY25 revenue view to $1.26B-$1.27B, consensus $1.24B