Needham Downgrades Zuora to Hold, Maintains Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Joshua Reilly has downgraded Zuora (NYSE:ZUO) from Buy to Hold, while maintaining the price target at $15.
October 21, 2024 | 9:51 am
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NEUTRAL IMPACT
Needham analyst Joshua Reilly downgraded Zuora from Buy to Hold, maintaining the price target at $15. This suggests a neutral outlook on the stock.
The downgrade from Buy to Hold indicates a shift in the analyst's sentiment, suggesting that the stock may not outperform in the short term. However, the maintained price target of $15 suggests that the analyst does not foresee a significant downside either, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100