After Piper Jaffray and RBC Capital gave Zendesk (NYSE: ZEN) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Derrick Wood reiterated a Buy rating on Zendesk yesterday and set a price target of $72. The company’s shares opened today at $60.85, close to its 52-week high of $62.39.
According to TipRanks.com, Wood is a 5-star analyst with an average return of 25.9% and a 77.5% success rate. Wood covers the Technology sector, focusing on stocks such as Salesforce.com, New Relic Inc, and Oracle Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zendesk with a $67.85 average price target, which is an 11.5% upside from current levels. In a report issued on July 27, RBC Capital also reiterated a Buy rating on the stock with a $68 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $62.39 and a one-year low of $25.09. Currently, Zendesk has an average volume of 1.5M.
Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, John Geschke, the CLO and SVP Administration of ZEN sold 4,500 shares for a total of $254,520.
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.
