Morgan Stanley Downgrades Zeta Global Holdings to Equal-Weight, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has downgraded Zeta Global Holdings (NYSE:ZETA) from Overweight to Equal-Weight while raising the price target from $18 to $30.
August 01, 2024 | 9:12 am
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Morgan Stanley has downgraded Zeta Global Holdings from Overweight to Equal-Weight, but raised the price target from $18 to $30.
The downgrade from Overweight to Equal-Weight suggests a neutral stance from Morgan Stanley, which could lead to a mixed reaction in the stock price. However, the raised price target to $30 indicates a positive long-term outlook, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100