Analyst Rating Update on Zendesk (ZEN)

Zendesk (NYSE:ZEN) : 8 brokerage houses believe that Zendesk (NYSE:ZEN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.11.

Zendesk (NYSE:ZEN) : The most positive equity analysts on Zendesk (NYSE:ZEN) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $30.75 with an expected fluctuation of $3.01 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Piper Jaffray initiates coverage on Zendesk (NYSE:ZEN) The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $35 per share. The rating by the firm was issued on June 1, 2016.

Zendesk (NYSE:ZEN): stock turned positive on Tuesday. Though the stock opened at $24.61, the bulls momentum made the stock top out at $25.13 level for the day. The stock recorded a low of $24.51 and closed the trading day at $24.91, in the green by 2.59%. The total traded volume for the day was 915,687. The stock had closed at $24.28 in the previous days trading.

In an insider trading activity,The officer (SVP of Product Development) of Zendesk, Inc., Mcdermott Adrian sold 4,164 shares at $27.61 on June 23, 2016. The Insider selling transaction had a total value worth of $114,968. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.

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