12:09 PM EDT, 07/09/2024 (MT Newswires) -- Zeta Global Holdings ( ZETA ) is poised for growth in H2, "driven by cyclical tailwinds and improving market dynamics," Oppenheimer said Monday in a report.

The firm said it "remains bullish" on Zeta heading into H2 and expects sustained revenue growth acceleration and "consistent beat-and-raises in quarterly results".

The company's Q2 earnings are expected to be "positive," partly driven by "durable demand" for automation technologies and improving sales efficiency, Oppenheimer said.

Positive hiring trends and potential margin growth also support optimism, Oppenheimer said.

Oppenheimer raised the price target on Zeta stock to $20 from $18 and maintained the outperform rating.

Shares of Zeta rose 0.4% in recent Tuesday trading.

Price: 17.19, Change: +0.07, Percent Change: +0.44