Canaccord raised the firm’s price target on Zeta Global to $35 from $30 and keeps a Buy rating on the shares. The firm noted the company announced its intent to acquire LiveIntent for $250M in upfront cash putting freshly minted capital to work against a stringent M&A strategy that requires deals to be immediately accretive, strategically synergistic, and capable of growing faster than the firm’s core.
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Read More on ZETA:
- Closing Bell Movers: Saratoga Investment up 8% on earnings beat
- Zeta Global Expands with LiveIntent Acquisition and Reinforces Market Position
- Zeta Global to acquire LiveIntent for $250M
- Zeta Global price target raised to $44 from $33 at Roth MKM
- Zeta Global price target raised to $37 from $30 at B. Riley
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