Zuora Inc Receives a Hold from Morgan Stanley

In a report released today, Stan Zlotsky from Morgan Stanley maintained a Hold rating on Zuora Inc (NYSE: ZUO), with a price target of $24. The company’s shares closed yesterday at $30.20, close to its 52-week high of $31.

According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 24.1% and a 73.1% success rate. Zlotsky covers the Technology sector, focusing on stocks such as Coupa Software Inc, Veeva Systems, and Sendgrid Inc.

Currently, the analyst consensus on Zuora Inc is Moderate Buy and the average price target is $25.50, representing a -15.6% downside.

In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $26 price target.

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The company has a one-year high of $31 and a one-year low of $18.75. Currently, Zuora Inc has an average volume of 817.9K.

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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.