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Investing.com - DA Davidson has reiterated its Buy rating on Zeta Global Holdings Corp (NYSE:ZETA) while maintaining its $25.00 price target, representing a valuation of approximately 4 times the company’s projected 2026 revenue. The company, which has demonstrated impressive revenue growth of 40% in the last twelve months, is currently trading below its InvestingPro Fair Value.
The firm cited a "better than feared macro backdrop" and Zeta’s conservative second-quarter 2025 guidance as supporting factors for what could become the company’s 16th consecutive quarter of beating expectations and raising guidance. This optimism is supported by the company’s recent performance, with an 11.3% price return in the past week and a strong financial health score of "GOOD" according to InvestingPro analysis.
DA Davidson identified potential upside drivers for Zeta Global, including ramping agency contributions and scaled customer ARPU (Average Revenue Per User) growth in the current quarter.
The research firm noted that Zeta’s growth equation this quarter is likely more weighted toward upselling existing customers rather than acquiring new logos, which it attributed to current go-to-market initiatives.
DA Davidson characterized Zeta Global as an "undervalued disrupter" in its analysis, supporting its continued Buy recommendation on the marketing technology company’s stock.
In other recent news, Zeta Global Holdings Corp reported its Q1 2025 earnings, showing a mixed financial performance. The company achieved a revenue of $264 million, exceeding the forecast of $254.43 million. However, its earnings per share (EPS) did not meet expectations, coming in at -0.1 compared to the anticipated 0.12. Additionally, Zeta Global announced the retirement of its co-founder, John Sculley, from his roles as Vice Chairman and Board member. Meanwhile, William Blair reiterated its Outperform rating for Zeta Global, highlighting strong fundamentals and growth opportunities. Needham maintained a Buy rating but adjusted the price target from $25 to $20, citing a broader recalibration in software valuations. KeyBanc maintained a Sector Weight rating, reflecting a neutral stance, following Zeta Global’s recent earnings call. CEO David Steinberg hinted at potential acquisition interest during the call, amid the company’s ongoing share repurchase efforts.
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