William Blair analyst Arjun Bhatia has reiterated their bullish stance on ZETA stock, giving a Buy rating today.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Zeta Global Holdings Corp’s strong performance and future potential. The company reported impressive fourth-quarter results, with a significant 50% year-over-year revenue growth, surpassing expectations. This growth was driven by both political campaign contributions and a robust core growth of 31%, showcasing the company’s ability to outperform in its sector.
Furthermore, Zeta’s strategic initiatives, such as its comprehensive front-office platform and increasing AI functionalities, position it well against traditional marketing platforms. The company’s guidance for 2025 and its ambitious Zeta 2028 plan, which targets 20% organic revenue growth and EBITDA margins of at least 25%, reinforce its long-term growth prospects. With a valuation of 15 times EBITDA, Bhatia sees an opportunity to buy on weakness, maintaining an Outperform rating based on these solid fundamentals.
According to TipRanks, Bhatia is a 4-star analyst with an average return of 8.6% and a 52.31% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Braze, and Salesforce.
In another report released today, Needham also reiterated a Buy rating on the stock with a $43.00 price target.