Zeta Global Holdings Corp (ZETA) PT Raised to $35 at Canaccord Genuity

Canaccord Genuity analyst David Hynes Jr. raised the price target on Zeta Global Holdings Corp (NYSE: ZETA) to $35.00 (from $30.00) while maintaining a Buy rating.

The analyst commented: "When it comes to the stock, ZETA shares have clearly been on a tear, so the stock isn’t the value story that it once was. That said, with momentum strong — and arguably building into year-end — consensus still in a reasonable spot for 2025, and the likelihood that Zeta will be at least a 20%+ grower with expanding margins next year, we think the current 6.7x EV/R multiple on 2025 is sustainable. The biggest risk we see at the moment is that with the strong move in the stock, we suppose ZETA could become a source of funds for cheaper, “left behind” stocks if we get a broadening of interest in the software sector. Until that happens, we think the good news is likely to keep coming here, which leaves us comfortable with our view that ZETA is a stock that growth investors should own. Reiterate BUY. "

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