Why Zuora Stock Tumbled Wednesday [The Motley Fool]
Zuora, Inc. Class A (ZUO)
Last zuora, inc. class a earnings: 3/12 04:12 pm
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Source: The Motley Fool
Why Zuora Stock Tumbled Wednesday The software-as-a-service company was slammed along with the broader market. But one analyst also lowered his 12-month price target for the stock. Shares of subscription-management platform Zuora ( NYSE:ZUO ) took a hit on Wednesday, declining as much as 11%. By the time the market closed, however, the stock was down 9.6%. The stock's decline was likely driven by an overall sell-off in the market on Wednesday. The sell-off hit growth stocks like Zuora particularly hard. The S&P 500 fell 4.9% on Wednesday, with many growth companies seeing sharper declines. It's not particularly surprising, therefore, to see Zuora's stock down 9.6%. Shares could also have been negatively impacted by a lowered price target for the stock by one analyst. Jeffries analyst Brent Thill lowered his 12-month price target on the stock from $22 to $17 but kept a buy rating on the stock. Investors may want to keep an eye on Zuora tomorrow. The company reports its fourth-quarter
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News
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ZUO
Earnings
- 2/28/24 - Beat
ZUO
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 3
- 5/1/24 - Form 8-K
- ZUO's page on the SEC website