Analyst David Hynes of Canaccord Genuity maintained a Buy rating on Zeta Global Holdings Corp (ZETA – Research Report), retaining the price target of $28.00.
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David Hynes has given his Buy rating due to a combination of factors that highlight Zeta Global Holdings Corp’s strong market position and growth potential. The company has recently demonstrated significant momentum, with organic revenue growth of 31% and a substantial increase in its customer base. This growth trajectory is supported by a robust pipeline that has expanded by nearly 60% entering 2025, suggesting continued positive performance.
Furthermore, Zeta’s business model, which includes a mix of recurring subscription revenue and high-visibility transactional revenue, provides a stable foundation even in a slowing growth environment. The company’s all-in-one approach, integrating data, customer data platforms, and activation channels, is gaining traction in the market, as evidenced by the consistent growth in average revenue per user among its scaled customers. Despite potential market volatility, Hynes sees more upside than downside risk at current stock levels, reinforcing his confidence in maintaining a Buy rating.
According to TipRanks, Hynes is an analyst with an average return of -1.5% and a 43.37% success rate. Hynes covers the Technology sector, focusing on stocks such as Procore Technologies, ServiceNow, and Workday.
In another report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $25.00 price target.