Zendesk (ZEN) Receives a New Rating from a Top Analyst


In a report released today, Brian Schwartz from Oppenheimer assigned a Buy rating to Zendesk (ZEN), with a price target of $180.00. The company’s shares closed last Thursday at $149.53.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 33.2% and a 79.2% success rate. Schwartz covers the Technology sector, focusing on stocks such as Qualtrics International, Bill.com Holdings, and Coupa Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zendesk with a $190.08 average price target, a 22.1% upside from current levels. In a report issued on April 22, Wolfe Research also initiated coverage with a Buy rating on the stock with a $180.00 price target.

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Zendesk’s market cap is currently $17.7B and has a P/E ratio of -81.20. The company has a Price to Book ratio of 77.06.

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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. Its also features ticketing system; community forums; help desk software; IT help desk; security; and tech specs. The company was founded by Mikkel Asger Svane, Morten Primdahl and Alexander Aghassipour in 2007 and is headquartered in San Francisco, CA.

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