B. Riley raised the firm’s price target on Zeta Global to $30 from $24 and keeps a Buy rating on the shares. Zeta reported strong Q2 results as the company achieved the “Rule of 50” for the first time as a public company, the analyst tells investors in a research note. The auto and insurance recovery continues to pace ahead of expectations as growth in Q2 accelerated versus Q1 with an opportunity to approach or potentially exceed FY22 levels over the next several quarters, the firm says, adding that the raised FY24 guidance still leaves room for upside.
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