Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on Zendesk (ZEN) yesterday and set a price target of $70. The company’s shares closed yesterday at $61.28.
Senk observed:
“We reiterate our buy rating and look for ZEN to report fourth quarter results in early February. Zendesk, Inc., a software development compa- ny, provides software as a service customer service platform for organizations. It provides single customer service interface to organiza- tions to manage all their one -on-one customer interactions; track and predict common ques- tions; and provide a seamless path to answers.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 16.8% and a 63.5% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Carbonite Inc, and Cloudera Inc.
Zendesk has an analyst consensus of Strong Buy, with a price target consensus of $69.06.
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Based on Zendesk’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $34.14 million. In comparison, last year the company had a GAAP net loss of $26.65 million.
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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.
