Zendesk (ZEN) Receives Analyst Rating

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 2 which endorses a 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.

Zendesk (ZEN) : 9 investment research analysts covering Zendesk (ZEN) have an average price target of $33.11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $28 for the short term. Analysts expect the variance to be within $2.47 of the average price.


Also, In a research note released to the investors, UBS maintains its rating on Zendesk (NYSE:ZEN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, UBS raises the new price target from $31 per share to $34 per share. The rating by the firm was issued on August 3, 2016.

Zendesk (NYSE:ZEN): After opening at $29.4, the stock dipped to an intraday low of $29.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.97 and the buying power remained strong till the end. The stock closed at $29.92 for the day, a gain of 1.05% for the day session. The total traded volume was 628,982. The stocks close on the previous trading day was $29.61.

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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