Reported about 21 hours ago
Goldman Sachs has increased its price target for Zeta Global Holdings Corp. (NYSE: ZETA) from $16 to $18, following the company's impressive Q2 results where revenue surged by 25% year-over-year to $308.4 million. Despite narrowing its net loss significantly, Goldman remains cautious about Zeta's capital expenditure and shareholder return uncertainties, maintaining a Neutral rating. The adjustment in target reflects the acknowledgment of operational gains while also highlighting the need for vigilance regarding future financial strategies.
Source: YAHOO