ZETA Stock Forecast & Price Target

Zeta Global Holdings has demonstrated a significant positive trajectory in its revenue projections, with an increase in the 2026 total revenue growth forecast from 21% to 34%, reflecting strong expansion within its existing customer base. The company is experiencing robust new business momentum, bolstered by a substantial $100 million revenue opportunity from its ZetaLive initiative, which contributes to a healthy organic growth profile alongside a notable non-recurring revenue (NRR) rate of 115%. Additionally, Zeta is successfully capturing a larger share of marketing budgets from clients by addressing high-value challenges, which reinforces its competitive position against legacy marketing solutions and supports an optimistic outlook for future financial performance.

Zeta Global Holdings faces significant headwinds, as indicated by a projected decline in EBITDA margins to 22.3%, reflecting a 70 basis point decrease, alongside a revenue model that is heavily usage-based and leads to increased quarterly volatility. The company is currently unprofitable on a GAAP basis, which raises concerns about its ability to scale effectively and maintain its financial performance amidst competitive pressures and potential regulatory challenges. Additionally, management's forecast adjustments, including a reduction in free cash flow margin guidance to 12.9%, suggest a cautious outlook for future profitability and revenue growth.