Canaccord Genuity Maintains Buy on Zuora, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on Zuora (NYSE:ZUO) but lowers the price target from $16 to $13.
February 29, 2024 | 2:16 pm
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Canaccord Genuity maintains a Buy rating on Zuora but lowers the price target from $16 to $13.
While the maintenance of a Buy rating suggests continued confidence in Zuora's fundamentals and growth potential, the reduction in the price target could indicate concerns about near-term challenges or market conditions affecting Zuora's valuation. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price but unlikely to drive a significant trend in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100