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Oppenheimer Boosts Zeta Global Price Target to $20, Expects Continued Revenue Growth

Oppenheimer analysts increased their price target on Zeta Global Holdings Corp (NYSE:ZETA) to $20.00 from $18.00 while maintaining an Outperform rating.
The analyst expressed continued optimism for Zeta as it heads into the second half of 2024, expecting the company to maintain a unique enterprise software vendor operating profile characterized by revenue growth reacceleration and consistent quarterly beat-and-raise results. The analysts anticipate that Zeta’s positive performance will be driven by cyclical tailwinds and improving market dynamics, which should help elevate the company’s share price.
For the upcoming second-quarter earnings, Zeta is expected to report strong results, bolstered by sustained demand for marketing orchestration and automation technologies, ongoing vendor consolidation activity, favorable year-over-year comparisons, enhanced sales efficiency, and increased messaging volumes from one-time events such as the US election and the Olympics.
Overall, Oppenheimer remains optimistic about Zeta’s potential to be a robust growth compounder and a long-term market share gainer.

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