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Fly News Breaks for April 17, 2019
ZUO
Apr 17, 2019 | 05:31 EDT
After updating his model to reflect the ASC 606 standard, Jefferies analyst John DiFucci continues to believe that Zuora will grow at a rate of "at least" 25%-30% annually over the next five-to-ten years on the back of the subscription economy. He notes that the company expects to see an immaterial negative adjustment to its subscription revenues under ASC 606. The analyst keeps a Buy rating on the shares with a $35 price target.
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