KeyBanc Sets $38 Price Target for Zeta Global (NYSE: ZETA) After Strong Q3 2026 Performance
Key points
- KeyBanc set a $38 price target for Zeta Global (NYSE: ZETA), implying a 10.43% upside from its trading price of $34.41.
- Third-quarter 2026 revenue reached $493 million, a 46% year-over-year increase, exceeding guidance.
- Adjusted EBITDA grew 55% to $121 million, and net income was $38 million, or $0.14 per diluted share.
Zeta Global (NYSE: ZETA), whose customers use its artificial intelligence tools, had a $38 price target set by KeyBanc’s Jack Nichols on November 10, 2026. Zeta Global traded at $34.41 at the time, putting the target 10.43% above that price.
The target follows third-quarter 2026 revenue of $493 million, up 46% year over year and $22 million above the midpoint of guidance, as highlighted by MarketBeat. Chief Financial Officer Chris Greiner says revenue grew 30% excluding Marigold and political candidate revenue, accelerating from 28% in the second quarter.
Profit and cash flow also increased. Adjusted EBITDA rose 55% to $121 million, while free cash flow grew 73% to $82 million. Net income reached $38 million, or $0.14 per diluted share, compared with a loss of $0.02 per share a year earlier.
Adjusted earnings of $0.38 per share exceeded the $0.28 consensus estimate, as highlighted by Zacks Investment Research. Zeta Global also raised the midpoint of its 2026 revenue guidance by $37 million to $1.855 billion. The stock trades at $33.83, below Nichols’s $38 target.
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