Zeta gains after KeyBanc initiates coverage with 'overweight'

Zeta Global Holdings

22/10/2024 11:24

** Shares of the American marketing technology co Zeta
Global  ZETA.N  up 2.2% at $27.48 in premarket trading
    ** KeyBanc initiates coverage of the stock with "overweight"
rating and PT of $40 
    ** Brokerage says ZETA's growth is in the right areas with
multiple growth levers and its expanding platform helps grow
revenue and margins above peers
    ** KeyBanc also sees an increase in scaled customers at a
mid-single-digit rate annually through 2029 and revenue growth
to be at 24% in 2025 before settling into the mid-teens
    ** Stock rated "buy" on avg; median PT is $36- LSEG
    ** Up to last close, ZETA up ~205% YTD

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))