Why Zeta Global Holdings Corp. (ZETA) Advanced on Thursday

We recently compiled a list of the Impressive Earnings, Fresh Deals Propel Prices of These 10 Firms. In this article, we are going to take a look at where Zeta Global Holdings Corp. (NYSE:ZETA) stands against the other stocks.

Wall Street’s main indices ended mixed on Thursday, with the Dow Jones the sole decliner, losing 0.28 percent.

In contrast, both the S&P 500 and the Nasdaq Composite registered gains, rising by 0.36 percent and 0.51 percent, respectively.

Amid the earnings season, 10 companies saw significant increases in their valuations, thanks to stronger-than-expected earnings reports. Additionally, several firms enjoyed rallies fueled by newly secured deals.

To come up with Thursday’s biggest advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A marketing manager looking at the data dashboard of a marketing automation software showing successful campaign results.

Zeta Global Holdings Corp. (NYSE:ZETA)

Zeta Global Holdings Corp. grew its share prices for a third day, up by 11.61 percent to end Thursday’s trading at $20.96 apiece as investors gobbled up shares ahead of its scheduled fourth-quarter earnings release and a recent upgrade in its stock rating.

Earlier this week, investment banking firm DA Davidson reiterated its “buy” rating and $42 price target for Zeta Global, emphasizing its potential ahead of its earnings call.

DA Davidson analyst Clark Wright underscored Zeta Global as a top pick in the sales and marketing sector amid its undervalued price.

While expectations for the company’s fourth quarter are relatively low, its introduction of financial targets for 2028 is expected to be a key factor for its long-term growth trajectory.

Overall ZETA ranks 7th on our list of Thursday’s biggest advancers. While we acknowledge the potential of ZETA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ZETA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.