Zuora price target raised to $13.50 from $12 at Craig-Hallum

Craig-Hallum analyst Chad Bennett raised the firm’s price target on Zuora to $13.50 from $12 and keeps a Buy rating on the shares. The firm notes Zuora delivered Q3 revenue moderately ahead of expectations and guided Q4 in-line with prior estimates, although ARR growth and net retention guidance for the year were adjusted to the low-end of the prior ranges.