Truist analyst Terry Tillman raised the firm’s price target on Zeta Global (ZETA) to $42 from $35 and keeps a Buy rating on the shares. The company’s Q3 results well ahead of pre-released upside in September, and after adjusting out political candidate revenue and LiveIntent assumed contribution, its FY24 growth is now seen rising to 28% vs. 25% previously, the analyst tells investors in a research note. The company’s annual Zeta Live customer conference was also its “most successful yet”, as attendance doubled y/y and contracts gained from the event are already multiples of Zeta Live’s cost from a lifetime value perspective, Truist added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ZETA:
- Zeta Global falls -8.7%
- Zeta Global price target raised to $45 from $37 at Craig-Hallum
- Zeta Global price target raised to $42 from $39 at DA Davidson
- Zeta Global price target raised to $43 from $37 at RBC Capital
- Zeta Global price target raised to $42 from $35 at Canaccord
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
