Zeta Global price target raised to $44 from $33 at Roth MKM

Roth MKM analyst Richard Baldry raised the firm’s price target on Zeta Global to $44 from $33 and keeps a Buy rating on the shares. Zeta’s pre-announced upside to Q3 forecasts leaves revenues growing at least 35% year-over-year or 30% when stripping out “lumpy” political revenues, the analyst tells investors in a research note. The firm says that having accelerated core organic growth from the low-20%s to low-30%’s in the past six months, and with its recent Zeta Live user conference launching a new mobile offering that could further bolster growth, it believes the shares remain undervalued. Zeta remains Roth’s top pick in the software vertical.