These Analysts Increase Their Forecasts On Zeta Global Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Zeta Global Holdings Corp. (NYSE:ZETA) reported better-than-expected Q1 financial results, surpassing both earnings and revenue estimates, and raised its Q2 revenue guidance. Following the announcement, Zeta Global's shares surged 17.8% to $15.31. Analysts from Needham, B of A Securities, Oppenheimer, Canaccord Genuity, DA Davidson, and Barclays subsequently increased their price targets on ZETA, reflecting optimism about the company's growth prospects and competitive position in leveraging Gen AI for marketing technology.
May 07, 2024 | 3:44 pm
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Zeta Global reported better-than-expected Q1 results, with a GAAP loss of 23 cents per share against the expected 25 cents, and sales of $194.947M vs. estimates of $187.112M. The company also raised its Q2 revenue outlook, leading to a 17.8% increase in its stock price to $15.31. Analysts from Needham, B of A Securities, Oppenheimer, Canaccord Genuity, DA Davidson, and Barclays raised their price targets on ZETA.
Zeta Global's better-than-expected Q1 earnings and raised Q2 guidance signal strong operational performance and growth potential, positively impacting investor sentiment. The subsequent analyst upgrades and raised price targets further validate the company's positive outlook, likely contributing to continued investor interest and potentially higher stock prices in the short term.
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