Zuora Inc. (ZUO) PT Raised to $13 at Lake Street Capital Markets

Lake Street Capital Markets analyst Jacob Stephen raised the price target on Zuora Inc. (NYSE: ZUO) to $13.00 (from $12.00) while maintaining a Buy rating.

The analyst commented: "We continue to believe Zuora is the category killer in billing solutions and offers investors one of the best ways to play the rapidly growing subscription economy. Despite a slower growth rate, its dual share class structure, and convertible debt, we see little downside to owning shares at 2.5x FY26 revenue and believe the company’s large market share and the attractiveness as a takeout candidate give shares a relatively high floor. Additionally, we view the Company’s operating leverage, cash, and FCF generation as valuable given the current macro. We are maintaining our Buy rating and raising our price target to $13 reflecting the strong cash generation and operating leverage."

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