Zeta Global Holdings Corp (ZETA) PT Raised to $32 at Barclays

Barclays analyst Ryan MacWilliams raised the price target on Zeta Global Holdings Corp (NYSE: ZETA) to $32.00 (from $28.00) while maintaining a Equalweight rating.

The analyst comments "We believe ZETA's 3Q results came in-line with expectations after investors had a better sense of ZETA's results following its intra-quarter guidance raise. ZETA's political and agency business continue to perform well, and we think ZETA's advocacy business could contribute ~$31-33 mil. to FY24 revenues (on top of ~$41 mil. from political campaigns). ZETA mgmt. noted more confidence in retaining more advocacy revenue in FY25 (compared to prior election cycles)."

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