Craig-Hallum Raises Zeta Global Price Target to $3…
From Financial Modeling Prep: 2024-09-27 09:31:00
Zeta Global (NYSE:ZETA) saw a 1% increase in pre-market trading as Craig-Hallum analysts raised the price target to $37 from $35, maintaining a Buy rating. Analysts highlighted Zeta’s innovative products showcased at the Zeta Live event, emphasizing its strong market position and AI-powered solutions driving growth.
Analysts believe Zeta’s expansion into new products and collaborations will increase its total addressable market and growth opportunities. They see potential for continued outperformance and multiple expansion, comparing favorably to SaaS peers with higher multiples despite similar growth rates. Zeta’s unique data assets and all-in-one platform contribute to its compelling growth trajectory.
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