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Fly News Breaks for August 29, 2019
ZUO
Aug 29, 2019 | 05:17 EDT
Zuora reported fiscal Q2 results reflective of the challenges it discussed last quarter, but largely exceeded modest expectations, Jefferies analyst John DiFucci tells investors in a research note. Despite the near-term challenges, the analyst continues to believe that Zuora will grow subscription at 25%-plus for the foreseeable future as it captures the migration of businesses to the subscription economy. He maintains a Buy rating on the shares with a $29 price target.
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