In a report released on August 25, Andrew Degasperi from Berenberg Bank maintained a Buy rating on Zuora (ZUO – Research Report), with a price target of $18.00. The company’s shares closed last Friday at $8.97.
According to TipRanks, Degasperi is a 3-star analyst with an average return of 2.2% and a 48.87% success rate. Degasperi covers the Technology sector, focusing on stocks such as Cadence Design, Workiva, and Atlassian.
In addition to Berenberg Bank, Zuora also received a Buy from Craig-Hallum’s Chad Bennett in a report issued on August 24. However, on the same day, Robert W. Baird initiated coverage with a Hold rating on Zuora (NYSE: ZUO).
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The company has a one-year high of $12.12 and a one-year low of $5.45. Currently, Zuora has an average volume of 1.02M.
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Zuora, Inc. operates as an online subscription billing and management platform. The firm’s products include Zuora Billing, Zuora RevPro, Zuora CPQ and Zuora Collect. Its Central Platform is composed of six core engines: Pricing Engine, Subscription Orders Engine, Rating Engine, Global Payments Engine, Subscription Metrics and Subscription Accounting Engine. It also offers traditional ERP software, such as Oracle Corporation and SAP AG. The company was founded in 2007 by K.V. Rao, Cheng Zou and Tien Tzuo and is headquartered in San Mateo, CA.
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