Zeta Global is trading 4.1% down at $18.40 after BofA Securities lowered its price target following a management presentation at the J.P. Morgan Global Technology Conference.
- BofA cut its target to $24 from $30 while maintaining a positive view on the stock despite the adjustment.
- The decline follows a sharp 11% rally in the prior session as investors react to both the target cut and a broader market slide in high-growth tech names driven by rising bond yields.