BUZZ-Zeta Global rises after lifting quarterly, annual forecasts
Zeta Global Holdings' shares rose 6% premarket after the company increased its Q4 and FY revenue forecasts, boosted by the Marigold acquisition. The FY26 revenue forecast exceeds analyst estimates. The acquisition enhances AI offerings and access to Fortune 500 brands. Most brokerages rate the stock as "buy" with a median price target of $30. The stock is down 2.8% YTD.
Shares of cloud platform Zeta Global Holdings (ZETA.N) rise 6% to $18.59 premarket
Co increases Q4 revenue forecast to $378.8-$381.8 mln from the prior range of $363-366 mln; ups FY revenue forecast to $1,289-$1,292 mln from $1,273-$1,276 mln
Co forecasts FY26 revenue of $1.73 bln above analyst estimates of $1.54 bln, according to data compiled by LSEG
ZETA raises outlook following the completion of the Marigold acquisition
Co says the acquisition boosts its AI-driven offerings across different segments, while increasing its access among Fortune 500 brands and subscription revenue streams
11 of 14 brokerages rate the stock “buy” or higher, three “hold”; their median PT is $30 - data compiled by LSEG
Up to last close, stock down 2.8% YTD
