ZUO - Zuora: I Don't Expect The Shift Towards Subscription Model To Be Structurally Impaired
2024-06-24 23:14:45 ET
Summary
- Positive long-term growth outlook for ZUO due to increasing adoption of the subscription model in businesses.
- Evidence of demand traction with sustained dollar-based net revenue retention rate above 100%.
- Target price of $14 based on updated DCF model, recommending a buy rating for ZUO despite macro headwinds.