Zeta Global

ZETA

Market cap $4.25B

Zeta Global remains a compelling "Buy" despite a 10% YTD decline and sector-wide SaaS weakness. ZETA raised its "Zeta 2028" plan, now targeting $2.3 billion in FY28 revenue and a 17%-18% CAGR, reflecting the accretive Marigold acquisition. At $17/share, ZETA trades at an attractive 2.3x EV/FY26 revenue and 10.5x EV/FY26 EBITDA, with 21% organic revenue growth expected in FY26.

The digital ad spending market could roughly triple to about $1.6 trillion in the next decade or so, potentially creating ample new opportunities for companies in this fast-growing space. Indeed, the world of digital advertising that was once dominated by major tech players like Alphabet NASDAQ: GOOG has given way to one in which AI-driven targeting and other innovations have made space for a number of smaller competitors to gain traction.

NEW YORK--(BUSINESS WIRE)--Zeta Global Launches Athena by Zeta™ for General Availability, Ushering in the Superintelligent Marketing Era.

Zeta Global delivered a strong Q4 2025, with revenue up 25% y/y to $394.6M and adjusted EBITDA up 22% to $81.3M. Integration of Marigold and robust organic growth prompted an upward revision of the 2026 target price. Large customer concentration increased, with Super-Scaled customers now driving nearly 90% of revenue and NRR hitting a record 120%.

NEW YORK--(BUSINESS WIRE)--Zeta Global to Participate in Upcoming Investor Conference.

The 2026 'SaaS-pocalypse' triggered indiscriminate selloffs, but Intuit, Salesforce, Microsoft, Adobe, and Zeta Global present compelling recovery opportunities. AI disruption fears are overstated; Intuit, Zeta Global Holdings, and Microsoft leverage proprietary data moats, while Salesforce and Adobe adapt with hybrid and agentic models. INTU, CRM, and ZETA reported strong revenue growth, robust user metrics, and strategic AI integration, contradicting the market's pessimism.

Zeta is delivering strong results, raising its 2026 and 2028 outlook, and is priced attractively at 19x forward free cash flow. Management projects organic revenue growth rates above 20% for 2026, with potential for further upward revisions as new products gain traction. I reaffirm a $30 price target by early 2027, citing accelerating growth, robust free cash flow, and a mispriced valuation with an adjusted PEG below 0.9x.

Ann Berry is joined by Zeta Global Co-founder & CEO David Steinberg to discuss how the company is using AI with the aim to transform digital marketing. Steinberg explains how Zeta's platform helps enterprises acquire, retain and monetize customers, why the company invested in AI years before the recent boom and how it built its consumer data cloud.

Zeta Global Holdings Corp. (ZETA) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

These companies are each beneficiaries of solid valuations, sky-high growth trajectories, and catalysts tied to the AI and Telehealth trends in place.