Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 21 Jan, 26 | ZETA | Buy | USD 20.01 | USD 21.0 | USD 22.0 | 2 days | Closed |
11.19%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent. It also offers various types of product suites, such as opportunity explorer, and CDP+, which helps in consolidating multiple databases and internal and external data feeds and organize data based on needs and performance metrics. Zeta Global Holdings Corp. was incorporated in 2007 and is headquartered in New York, New York.
Scaled Customer Growth: Q3 FY25 super-scaled customers at 180 vs Q3 FY24 at 144, reflecting 25% year-over-year expansion and strengthening revenue durability
Improved Operating Profitability: Q3 FY25 adjusted EBITDA of USD 78 million vs Q3 FY24 USD 54 million, representing 46% growth, with margin expansion of 320 bps
Rising Operating Expenses: Q3 FY25 total operating expenses of USD 328.4 million vs Q3 FY24 USD 280.7 million, reflecting higher investments in R&D and platform scaling
Working Capital Pressure: Q3 FY25 accounts receivable of USD 272.3 million vs FY24 year-end USD 235.2 million, indicating higher capital tied up in receivables amid rapid growth
Zeta’s investment profile remains sensitive to execution risk around sustained enterprise customer expansion and regulatory developments affecting data usage, which could impact long-term revenue growth and margin realization
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 20.01 | 18.0 | 21.0 | 22.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Product Innovation and Strategic Execution: The launch of Athena by Zeta, an AI-driven conversational agent, alongside strong adoption of the OneZeta platform, reinforced the company’s competitive positioning. These initiatives contributed to higher customer engagement, improved ROI for clients, and deeper platform integration across verticals.
Earnings Profile: Despite reporting a GAAP net loss of USD 3.6 million in Q3 FY25, the loss narrowed materially from USD 17.4 million in Q3 FY24, supported by higher operating income and lower relative impact of non-operating expenses. This improvement indicates progress toward sustained profitability while continuing to invest in product development and sales capabilities.
Margin Expansion: Operational leverage continued to improve as adjusted EBITDA increased to USD 78 million in Q3 FY25, up 46% year-over-year from USD 54 million in Q3 FY24, with adjusted EBITDA margin expanding by 320 basis points to 23.2%. This margin expansion reflects disciplined cost management, improving revenue mix, and greater contribution from higher-value enterprise customers.
Forward Positioning: Management raised full-year FY25 guidance and issued initial FY26 guidance ahead of consensus expectations, reflecting confidence in sustained revenue growth above 20% and continued free cash flow margin expansion. This forward visibility supports the company’s long-term strategic roadmap under the Zeta 2028 framework
Zeta Global’s Q3 FY25 performance demonstrates accelerating revenue growth, improving profitability metrics, and strong cash generation, underpinned by scalable enterprise adoption and AI-led product innovation. While GAAP profitability remains a work in progress, the company’s consistent execution, expanding margins, and raised forward guidance support a constructive long-term investment outlook. Henceforth, based on potential valuation upside, trading levels, and company's improving performance in the recent quarter, a ‘Buy’ recommendation on the stock at the closing market price of USD 20.01 as of January 20, 2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Software - Application
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ZETA Zeta Global Holdings Corp |
0.40 2.16% | 18.90 | - | 23.58 | 2.67 | 12.85 | 2.76 | -13.4243 |
| SAPGF SAP SE |
0.004 0.0026% | 156.51 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SAP SAP SE ADR |
-3.57 2.25% | 155.22 | 75.80 | 22.37 | 5.62 | 3.75 | 5.51 | 25.79 |
| CRM Salesforce.com Inc |
-3.24 2.09% | 151.78 | 23.99 | 14.14 | 4.16 | 2.58 | 3.85 | 12.75 |
| INTU Intuit Inc |
-2.08 0.77% | 267.00 | 55.56 | 32.68 | 11.28 | 10.07 | 11.62 | 40.11 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on January 21, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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