Stock Track | Zeta Global Holdings Plummets 5% Intraday After BofA Securities Cuts Price Target

Stock Track03:48

Zeta Global Holdings Corp's stock fell 5.00% during intraday trading on Tuesday, following a price target reduction by a major financial institution.

BofA Securities adjusted its price target on Zeta Global to $24 from $30, representing a significant 20% reduction. While the firm maintained a Buy rating on the stock, the downward revision appears to have negatively impacted market sentiment toward the company.

According to FactSet data, analysts have an average Buy rating on Zeta Global with a mean price target of $28.31, making BofA's new $24 target below the consensus estimate. BofA Global Research also reinstated coverage on the stock with a Buy rating and $24 price target.

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