Zeta Global price target raised to $12 from $11 at Morgan Stanley

Morgan Stanley analyst Elizabeth Porter raised the firm’s price target on Zeta Global (ZETA) to $12 from $11 and keeps an Equal Weight rating on the shares. Changes to industry email rules increased concerns for email-skewed marketing tech vendors Klaviyo (KVYO) and Zeta, but both companies expressed no material impacts expected, “putting bear cases at ease,” says the analyst, who walks away from last night’s reports feeling better about growth durability at Zeta.