Zeta Global price target raised to $20 from $18 at BofA

BofA analyst Koji Ikeda raised the firm’s price target on Zeta Global to $20 from $18 and keeps a Buy rating on the shares. The firm views Zeta as “an underappreciated, disruptive marketing and advertising platform that is taking share” and sees its beat-and-raises continuing, applying a higher revenue multiple to its estimates as the firm is becoming more comfortable with its execution.