Asymmetric Investing by Travis HoiumANALYSTJul 28, 2026“ZETA's new $1B debt facility improves borrowing costs and provides optionality for buybacks or M&A, supported by strong cash flow and >20% growth at a ~22x forward P/E.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
This actually helps improve their borrowing costs and gives them a lot of optionality for the future.
There is ample runway to, let's say, buy back a whole bunch of stock if that's what Zeta Global's management wants to do. Price to earnings multiple at this point on a forward basis is about 22, and the company continues to grow well in excess of 20%.
With cash flow coming from the core business, that's a pretty solid position to be. Look for Zeta Global to potentially be a pretty aggressive buyer. The market likes what they're seeing right now.
This is one of the stocks that I've been adding in 2026.
The structured call
The receipt
The claim is anchored to the moment it was said.