Zeta Global price target raised to $43 from $37 at RBC Capital

RBC Capital raised the firm’s price target on Zeta Global (ZETA) to $43 from $37 and keeps an Outperform rating on the shares. The company delivered a solid quarter achieving its first Rule of 60 quarter and a consecutive Rule of 50 quarter backing out political revenue, the analyst tells investors in a research note. RBC adds that the FY25 commentary also called for organic growth to remain above 20% ex-political, which is a solid foundation that is similar to where Zeta management initially guided FY24.