Canaccord analyst David Hynes raised the firm’s price target on Zeta Global (ZETA) to $28 from $26 and keeps a Buy rating on the shares. The firm said there was alot to like about its Q2 results as they were strong across the board. but noting there is still a lot to be excited about including sales efforts aimed at OneZeta driving increased use case adoption at targeted customers, the Agency opportunity, both the HoldCo’s and independents ,still has a long way to run, AI consumption and the Agent opportunity is in its infancy, and they still think estimates are set in a good spot.
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Read More on ZETA:
- 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
- Zeta Global Holdings call volume above normal and directionally bullish