Morgan Stanley raised the firm’s price target on Zeta Global (ZETA) to $41 from $30 and keeps an Equal Weight rating on the shares. Q3 revenue beat initial guidance by 12%, or 5.5% excluding political spend, while Q4 revenue increased from initial guidance by 11%, or 2% ex political spend and M&A, the analyst tells investors. The preliminary FY25 view suggesting political headwinds/M&A tailwinds net to mid-20s growth “may fall short” of expectations after a 50%-plus move over the last three months, adds the analyst.
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