BofA raised the firm’s price target on Zeta Global (ZETA) to $32 from $30 and keeps a Buy rating on the shares. The firm’s revenue multiple was lowered due to slowing organic growth, but it is still set at a premium to small cap software peers, which it says is “warranted for strong execution.” The firm, which says Zeta closed 2024 “strong” by posting 50% revenue growth for Q4, is also rolling forward its valuation to calendar year 2026.
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