Zeta Global Holdings Corp. (ZETA)
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$31.35-4.07%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
Intact: The reason to own it still holds.
Zeta grows revenue from $1.29B in 2025 to about $1.79B in 2026. Free cash flow rises to $235M in 2026. Strategic partnerships with Palantir boost AI platform growth. The company shows steady progress on revenue and cash flow targets.
Zeta remains loss-making with net income at -$13.2M in 2026-Q1. Revenue growth may slow below analyst expectations. Rising competition and execution risks could pressure margins and cash flow.
The market expects about 28% revenue growth next year and prices the stock roughly 10% below our valuation model. Our model is slightly below the Street median, reflecting some caution on growth sustainability.
Breaks if: Free cash flow falls below $157M in FY26 or declines year-over-year
Raise free cash flow guidance reflecting improved cash generation and operational efficiency.
Stated as a priority in 3 of last 3 quarters. Free cash flow guidance rose from $231.2 million in 2025-Q4 to $255.3 million in 2026-Q2. Actual cash from operating activities increased from $34.8 million in 2025-Q1 to $69.2 million in 2026-Q2. Management is delivering improved cash generation and raising guidance accordingly.
“Increasing free cash flow guidance to a range of $254.8 million to $255.8 million, up $20.3 million at the midpoint from the prior guidance of $235.0 million.”
“Increasing free cash flow guidance to a range of $234.5 million to $235.5 million, up $3.8 million at the midpoint from the prior guidance of $231.2 million.”
“Increasing free cash flow guidance to a range of $230.7 million to $231.7 million, up $7 million at the midpoint from the prior guidance of $224.0 million.”
Breaks if: Net income remains negative or worsens beyond -$13M in FY26
Zeta aims to achieve positive GAAP Net Income for the full year 2026.
Breaks if: Revenue falls below $1.29B in FY26 or fails to grow meaningfully year-over-year
Continue accelerating revenue growth with raised guidance reflecting strong demand and AI platform adoption.
Stated as a priority in 3 of last 3 quarters. Revenue guidance increased from $1,755 million in 2025-Q4 to $1,818 million in 2026-Q2, reflecting year-over-year growth of about 39%. Actual revenue grew from $264 million in 2025-Q1 to $443 million in 2026-Q2. Management is delivering consistent acceleration in revenue growth and guidance increases.
“Increasing full year 2026 revenue guidance by $33 million to $1,818 million at the midpoint, up from prior guidance of $1,785 million reflecting Y/Y growth of 39%.”
“Increasing full year 2026 revenue guidance by $30 million to $1,785 million at the midpoint, up from prior guidance of $1,755 million reflecting Y/Y growth of 37%.”
“Increasing revenue guidance to a range of $1,749 million to $1,762 million, up $25 million at the midpoint from the prior guidance of $1,730 million.”
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
ZETA represents a speculative growth investment. The company is currently navigating a challenging environment with mixed management execution and elevated risk factors, but it has shown recent improvements in revenue and cash flow guidance.
The market appears to have priced in a low level of fragility, indicating that expectations are somewhat justified. ZETA trades at a premium compared to its peers, suggesting that investors are factoring in its growth potential despite current losses.
Management is focused on increasing revenue and free cash flow guidance, which has shown positive trends in recent quarters. However, the company remains loss-making, and its recent quality metrics have declined, indicating some instability in performance.
Key factors for ZETA's future include the potential for the Federal Reserve to cut interest rates, which could benefit tech stocks. Additionally, the performance of sector leaders like SAP, CRM, and NOW will be crucial in determining broader tech momentum that could lift ZETA.
Over the next 1 to 3 years, ZETA's trajectory will depend on management's ability to deliver on guidance and external economic conditions. Not investment advice.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improvement. The company raised its revenue guidance, which is a positive sign. A new partnership with Palantir enhances growth potential in marketing tech.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.