B. Riley has revised its price target for Zeta Global (ZETA, Financial), bringing it down to $29 from the previous $44. This adjustment comes as the company is set to announce its first-quarter results on May 1. Despite the reduced target, B. Riley maintains a Buy rating on the stock.
The firm is optimistic about Zeta Global's Q1 performance, expecting it to be solid. Nevertheless, the focus for investors is likely to shift towards the future outlook given the current weakening macroeconomic environment. B. Riley notes that Zeta Global is in a favorable position to capture market share as the advertising landscape moves towards more efficient spending strategies amidst these challenging conditions.
The decision to lower the price target is attributed to heightened macroeconomic uncertainties and the compression of peer company valuations. B. Riley's analysis suggests that while current market conditions present challenges, Zeta Global's strategic positioning could potentially mitigate some of these pressures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Zeta Global Holdings Corp (ZETA, Financial) is $31.31 with a high estimate of $44.00 and a low estimate of $15.00. The average target implies an upside of 184.10% from the current price of $11.02. More detailed estimate data can be found on the Zeta Global Holdings Corp (ZETA) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Zeta Global Holdings Corp's (ZETA, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Zeta Global Holdings Corp (ZETA, Financial) in one year is $13.89, suggesting a upside of 26.04% from the current price of $11.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Zeta Global Holdings Corp (ZETA) Summary page.
