Zendesk (ZEN) Receives Price Target

Zendesk (ZEN) : The highest short term price target forecast on Zendesk (ZEN) is $35 and the lowest target price is $28. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $33.11 with a standard deviation of $2.47.

Zendesk (ZEN) : The consensus on Zendesk (ZEN) based on 11 analyst recommendation on the company stock is 1.27, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, UBS maintains its view on Zendesk (NYSE:ZEN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. UBS raises the price target from $31 per share to $34 per share on Zendesk . The rating by the firm was issued on August 3, 2016.

Zendesk (NYSE:ZEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.39 and $30.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.73, notching a gain of 0.62% for the day. The total traded volume was 1,042,580 . The stock had closed at $30.54 on the previous day.

Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.

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