Zuora Inc Receives a Rating Update from a Top Analyst


Canaccord Genuity analyst Richard Davis maintained a Hold rating on Zuora Inc (NYSE: ZUO) today and set a price target of $20. The company’s shares opened today at $19.39.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 30.1% and a 77.5% success rate. Davis covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Upland Software, and Microsoft Corp.

Currently, the analyst consensus on Zuora Inc is Moderate Buy and the average price target is $21, representing an 8.3% upside.

In a report released today, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $19 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $21.85 and a one-year low of $18.75. Currently, Zuora Inc has an average volume of 1.26M.

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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.

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