Needham Reiterates Buy on Zuora, Maintains $15 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Joshua Reilly has reiterated a 'Buy' rating on Zuora (NYSE:ZUO) and maintained a price target of $15.
August 24, 2023 | 10:12 am
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Needham analyst Joshua Reilly has reiterated a 'Buy' rating on Zuora, maintaining a price target of $15. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's performance. Maintaining the price target suggests that the analyst believes the stock is still undervalued, which could encourage more investors to buy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100