ZETA Stock Forecast & Price Target

Zeta Global Holdings Corp has demonstrated a robust financial trajectory, increasing its 4Q25 EBITDA guidance to $90.1M, reflecting a notable 24.4% margin, which marks a 200 basis points improvement year-over-year. The company also reported a 25.7% year-over-year growth in total revenue for 3Q, bolstered by strong demand for its AI-driven capabilities and expansion in key verticals, while customer net additions reached their highest level since 1Q24. Furthermore, Zeta has raised its FY25 revenue guidance to approximately $1.273 billion, with strong sales and demand trends continuing, particularly within its telecommunications segment experiencing over 20% growth.

Zeta Global Holdings recorded a non-GAAP gross margin of 60.6%, slightly below expectations and down year-over-year, indicating potential challenges in maintaining profitability as costs increase. The company's total revenue of $337 million exceeded consensus but highlighted vulnerabilities, particularly with LiveIntent revenues falling short of guidance, suggesting reliance on a singular revenue stream may pose risks. Additionally, the potential for economic downturns could impact marketing tech spending among Zeta's enterprise customer base, further complicating the company's financial outlook amid competitive pressures and its ongoing inability to achieve GAAP profitability.