Zeta Global Raises 2026 Revenue Guidance 34–35%, Truist Cuts Target to $30
Truist trimmed Zeta Global’s price target to $30 from $36 but maintained its Buy rating after the company’s 18th consecutive beat-and-raise quarter and noted AI concerns are overstated. Zeta raised 2026 guidance to $1.749B–$1.762B in revenue (+34–35%), adjusted EBITDA of $389.9M–$392.1M (+40–41%), and free cash flow of $230.7M–$231.7M (+40–41%).
1. Truist Maintains Buy Rating
Truist lowered its price target on Zeta Global to $30 from $36 while affirming a Buy rating, citing the company’s 18th straight beat-and-raise quarter but reducing the target due to broader sector valuation declines.
2. Robust 2026 Financial Guidance
Zeta updated its full-year 2026 outlook to revenue of $1.749B–$1.762B, reflecting 34–35% year-over-year growth (20–21% ex-political and Marigold revenue), adjusted EBITDA of $389.9M–$392.1M (40–41% growth, 22.1–22.4% margin), and free cash flow of $230.7M–$231.7M (40–41% growth, 13.1–13.3% margin).
3. AI Concerns Overstated, Athena Potential
Analysts noted that market worries around AI have been overly negative for Zeta and its peers, and current guidance does not yet reflect expected contributions from the upcoming Athena AI product cycle, suggesting additional upside as AI revenues materialize.