[Company Performance]: Strong financial results, including revenue growth, profitability, and positive earnings surprises, typically drive the stock price up. Conversely, poor performance can lead to a price decline.

[Industry Trends]: The overall health and growth prospects of the animal health industry impact Zoetis' stock. Positive trends, such as increased pet ownership and growing livestock production, are beneficial.

[Regulatory Environment]: Changes in regulations related to animal health products, approvals of new drugs, and restrictions on existing ones can significantly affect Zoetis' future revenue and stock price.

[Competition]: The competitive landscape within the animal health industry influences Zoetis' market share and pricing power. Intense competition could put downward pressure on the stock.

[Economic Conditions]: Overall economic conditions, including global economic growth and consumer spending patterns, affect the demand for animal health products and influence Zoetis' stock valuation.

[Global Events]: Unexpected events, such as disease outbreaks, can impact animal populations and subsequently alter the demand for Zoetis' products. Global trade policies also play a role.

[Investor Sentiment]: General market sentiment and investor confidence impact the demand for Zoetis' stock. Optimism often leads to increased buying, while pessimism results in selling pressure.

[Interest Rates]: Interest rate hikes may make borrowing more expensive for Zoetis, potentially impacting investment and expansion plans. Rising rates also impact valuations of the stock.

[Dividend Policy]: Zoetis' dividend policy and dividend yield can attract income-seeking investors and influence the stock price.

[Mergers and Acquisitions]: M&A activity involving Zoetis or its competitors can significantly alter market dynamics and affect the stock price.