Needham analyst Scott Berg upgraded Zuora to Strong Buy from Buy with a price target of $27, saying the stock is also his "top pick for 2019" in his coverage universe. The analyst attributes the bullish view to a "combination of end-market growth, strong competitive positioning, conservative estimates, and valuation". Berg also believes that the recent decline in Zuora stock price has created an attractive entry point relative to the similarly growing SaaS peers, calling the stock the "proverbial baby in the bath water" as its "fast yet sustainable secular greenfield growth is getting thrown out with short-term, high replacement cycle" growth.