.jpg "Zendesk (NYSE: ZEN)")
KeyBanc analyst Brent Bracelin reiterated a Buy rating on Zendesk (ZEN) yesterday and set a price target of $108. The company’s shares closed yesterday at $93.12, close to its 52-week high of $94.89.
Bracelin said:
“We are raising our price target to $108 from $102 on slightly higher estimates.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 31.0% and a 76.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Tyler Technologies, and Coupa Software Inc.
Zendesk has an analyst consensus of Strong Buy, with a price target consensus of $102.33.
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Based on Zendesk’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $44.72 million. In comparison, last year the company had a GAAP net loss of $34.37 million.
Based on the recent corporate insider activity of 200 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Elizabeth Nelson, a Director at ZEN sold 20,000 shares for a total of $1,767,700.
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.
