Canaccord Genuity analyst David Hynes assigned a Buy rating to Zendesk (NYSE: ZEN) yesterday and set a price target of $60. The company’s shares opened today at $55.40, close to its 52-week high of $57.31.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 30.8% and a 75.3% success rate. Hynes covers the Technology sector, focusing on stocks such as Nuance Communications, Aspen Technology, and SPS Commerce.
Currently, the analyst consensus on Zendesk is Strong Buy and the average price target is $58.75, representing a 6.0% upside.
In a report issued on May 2, Piper Jaffray also reiterated a Buy rating on the stock with a $65 price target.
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The company has a one-year high of $57.31 and a one-year low of $24.49. Currently, Zendesk has an average volume of 1.37M.
Based on the recent corporate insider activity of 147 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Aian Mcdermott, the President of Products of ZEN sold 40,000 shares for a total of $1,741,200.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zendesk, Inc. engages in the provision of customer service platform which enables companies to provide customer support. Its products and services include support; guide; chat; talk; message; inbox team email; explore; connect plus outbound; integrations and apps; embeddables; insights and analytics; and products update.
