Zeta Global price target raised to $18 from $13 at Needham

Needham analyst Ryan MacDonald raised the firm’s price target on Zeta Global to $18 from $13 and keeps a Buy rating on the shares. Zeta’s robust Q1 results, which included the addition of 13 $1M+ customers, led management to raise its full year outlook, the analyst tells investors in a research note. Needham still sees ample avenues to FY24 upside, keeping the firm a buyer of this strong execution story.