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Zuora gains bear as pandemic threatens growth

Apr. 14, 2020 9:05 AM ETZuora, Inc. (ZUO) StockZUOBy: Brandy Betz, SA News Editor4 Comments
  • Zuora (NYSE:ZUO) is cut from Equal-Weight to Underweight at Morgan Stanley, which maintains a Street-low target of $8.50.
  • The firm lists ZUO's risks, including the coronavirus pandemic and a "heavy reliance on new customer acquisition to sustain growth."
  • Morgan Stanley still sees a "long runway of growth," but the pace of that growth is uncertain in the current environment.
  • Zuora has a Bullish average Sell Side rating.

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