RBC Capital analyst Matthew Swanson lowered the firm’s price target on Zeta Global (ZETA) to $30 from $40 and keeps an Outperform rating on the shares. Based on its checks and peer results, RBC expects Zeta to deliver solid results for Q1, with focus shifting to guidance in an uncertain macro environment, the analyst tells investors in a research note. While RBC continues to expect the ROI focused model to be more resilient to macro headwinds, it is not immune if there are further declines in advertising and marketing spend, the firm added.
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