Zendesk Gets a Hold Rating from Stifel Nicolaus


Stifel Nicolaus analyst Tom Roderick reiterated a Hold rating on Zendesk (NYSE: ZEN) today and set a price target of $50. The company’s shares closed yesterday at $55.11, close to its 52-week high of $57.31.

According to TipRanks.com, Roderick is a 5-star analyst with an average return of 16.2% and a 67.7% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Nuance Communications, and Salesforce.com.

Zendesk has an analyst consensus of Strong Buy, with a price target consensus of $57.75.

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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.