Brokerage Firm Rating Update on Zendesk (ZEN)

Zendesk (ZEN) : Zacks Investment Research ranks Zendesk (ZEN) as 2, which is a Buy recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.27, which indicates as a Strong Buy.

Zendesk (ZEN) : The highest short term price target forecast on Zendesk (ZEN) is $35 and the lowest target price is $28. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $33.11 with a standard deviation of $2.47.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the UBS maintains the rating on Zendesk (NYSE:ZEN). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $31 per share to $34 per share. The rating by the firm was issued on August 3, 2016.

Zendesk (NYSE:ZEN): stock was range-bound between the intraday low of $31.16 and the intraday high of $31.65 after having opened at $31.5 on Wednesdays session. The stock finally closed in the red at $31.5, a loss of -1.08%. The stock remained in the red for the whole trading day. The total traded volume was 493,857 shares. The stock failed to cross $31.65 in Wednesdays trading. The stocks closing price on Thursday was $31.51.

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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