- 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.