Why Is Zuora (ZUO) Stock Rocketing Higher Today : vimarsana.

Why Is Zuora (ZUO) Stock Rocketing Higher Today

Shares of subscription management platform Zuora (NYSE:ZUO) jumped 6.7% in the morning session after Goldman Sachs analyst Adam Hotchkiss upgraded the stock's rating from Neutral to Buy and raised the price target from $10 to $12. The new price target represents a potential 30% upside from where shares traded when the upgrade was announced. After the initial pop the shares cooled down to $9.16, up 3.6% from previous close.

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