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Fly News Breaks for May 31, 2019
ZUO
May 31, 2019 | 05:04 EDT
Jefferies analyst John DiFucci lowered his price target for Zuora to $29 from $35 saying the company's fiscal Q1 results were "mixed." The analyst says that while guidance for Q2 was below consensus estimates and reduced for the year, he views this as "prudent." DiFucci continues to believe that Zuora will grow at a rate of at least 25%-30% over the next 5-10 years and he keeps a Buy rating on the shares.
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