Zeta Global's growth is increasingly manufactured by acquisitions and lower-margin channels, masking organic deterioration. Excluding political spend and the Marigold acquisition, organic growth slowed to 28%, and the Direct Platform mix slipped to 72%. GAAP EPS of just $0.03 leaves no room for multiple expansion, and rising cost of revenue from agency traffic points to margin compression, explaining the 10% drop despite a beat. x.com 

Zeta Global looks unappealing because, after years in business, it is supposed to be highly profitable but isn't, and the risk-reward is not great. It is not the kind of super-high-growth company in a hot sector worth favoring, though it could still outperform. A post the author replies to argues Zeta benefits from AI and posted a monster quarter yet trades as if it will fail. x.com 

Zeta Global looks cheap at about 2.9x forward sales while guiding 36-37% revenue growth, and could re-rate if seen as enterprise AI software rather than messy adtech. Q1 revenue rose 50% to $396M, and a Palantir partnership to rebuild its Data Cloud on Foundry could add over $100M of annual revenue in coming years. A July 6 Citi talk on its AI strategy is a near-term catalyst; 4.5x sales implies about $32. Risks include privacy issues, thin GAAP profit and customer concentration. x.com 

Zeta Global is one to avoid despite a strong chance of all-time highs this year. It is a high-beta name popular on social media that has burned many investors in the past. x.com  x.com 

Constellation Software has no way to benefit from AI and little organic growth, so 21x GAAP EBIT looks fair, with perhaps a downside skew if churn rises across its portfolio in the next five years. The market's negative reaction is rational. Its small vertical software businesses were run financially rather than for product, many still on-prem, with no central AI strategy as software gets cheaper to build. Organic growth was 2% in constant currency; inorganic growth is fundamentally different. … Show more

Zeta Global could become a much larger company: at Zeta Live, executives with over $200 billion of decision-making power discussed what its keynote meant for their own companies, a firsthand sign of potential enterprise interest. Its 120% net dollar retention suggests existing customers get value, though future growth is uncertain. x.com 

Salesforce is no longer cheap enough given how much wallet share core CRM is losing. Organic growth only matches nominal GDP despite a massive increase in agentic spending, and large enterprises increasingly see Salesforce as a data pipe for their own custom agents, an ex-growth business that deserves a low multiple. The Informatica acquisition doubles down on that weak model. Salesforce was too cheap at 12x non-GAAP earnings, but near high-teens it is fair, and terminal risks have not abated. … Show more

The Trade Desk has shown many red flags, and a huge Q2 miss confirmed them. Revenue of $715M missed the $751M estimate, adjusted EPS fell 17%, and Q3 guidance of at least $650M revenue and about $160M EBITDA was far below estimates of $805M and $341M, per @wallstengine. It bought back $78M of stock while heading for that miss. Unlike AppLovin, it has not been very profitable for years, with heavy dilution and stock-based pay, slower growth and smaller scale. x.com  x.com  x.com 

Zeta Global's contracted revenue gives growth more visibility. RPO expected to be recognized within 12 months reached $218.7M, up from $71.3M in Q3 2025. Management makes a compelling comparison with Salesforce's $5.66B Braze deal: Zeta has about twice Braze's forward revenue, higher guided FY26 free cash flow than Braze's FY26 actual, and a lower revenue multiple. That gap alone does not prove Zeta is undervalued; management sees a chance to win customers during integration. x.com  x.com 

BlackLine is a more speculative name with anemic growth. Private competitors are hitting it, and its target market is one of the easier ones for AI to attack, outweighing @CeleritasRe's points about a fine Q2, private-equity interest in the space and a possible SAP angle. x.com