Zeta Global initiated with a Buy at Truist

Truist analyst Terry Tillman initiated coverage of Zeta Global with a Buy rating and $23 price target. Zeta is “a potential disruptive force” in the large and growing marketing tech space, serving enterprises with unique combination of data, AI-powered intelligence, marketing cloud and activation capabilities, the analyst tells investors. The firm is expecting continued strong revenue growth, expanding profits and cash flow to drive further multiple expansion for the stock, the analyst added.