Canaccord Genuity analyst Richard Davis maintained a Hold rating on Zuora Inc (NYSE: ZUO) today and set a price target of $28. The company’s shares closed yesterday at $34.01.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 39.7% and a 84.6% success rate. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Altair Engineering Inc, and Upland Software.
Currently, the analyst consensus on Zuora Inc is a Moderate Buy with an average price target of $30.75.
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Based on Zuora Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $19.59 million. In comparison, last year the company had a GAAP net loss of $14.84 million.
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Zuora, Inc. engages in the operation of online subscription billing and management platform. It provides subscription businesses with a cloud platform with pricing, quoting, order, billing, payment and renewal tools. The firm operates through its offices in Atlanta, London, Paris, Munich, Beijing, Amsterdam, Vienna, Sydney, Copenhagen and Stockholm.
