Noteworthy Price Action: Zendesk Inc Stock Is Rising Now

Noteworthy Price Action: Zendesk Inc Stock Is Rising Now

The stock of Zendesk Inc (NYSE:ZEN) is a huge mover today! About 1.19M shares traded hands or 19.00% up from the average. Zendesk Inc (NYSE:ZEN) has risen 8.58% since April 5, 2016 and is uptrending. It has outperformed by 6.62% the S&P500.
The move comes after 8 months positive chart setup for the $2.34 billion company. It was reported on Nov, 7 by Barchart.com. We have $37.85 PT which if reached, will make NYSE:ZEN worth $1.22B more.

Zendesk Inc (NYSE:ZEN) Ratings Coverage

Out of 12 analysts covering Zendesk (NYSE:ZEN), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Zendesk has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Rosenblatt initiated it with “Buy” rating and $26.0 target price in Thursday, August 27 report. The stock of Zendesk Inc (NYSE:ZEN) has “Outperform” rating given on Friday, September 11 by Credit Suisse. The stock has “Hold” rating given by Stifel Nicolaus on Tuesday, July 19. As per Friday, December 11, the company rating was initiated by Goldman Sachs. On Wednesday, June 1 the stock rating was initiated by Piper Jaffray with “Overweight”. The stock of Zendesk Inc (NYSE:ZEN) earned “Outperform” rating by William Blair on Thursday, September 10. Morgan Stanley maintained the shares of ZEN in a report on Thursday, July 14 with “Overweight” rating. The stock has “Buy” rating given by Canaccord Genuity on Thursday, August 6. The firm earned “Buy” rating on Monday, March 28 by Summit Research. The stock has “Buy” rating given by Rosenblatt on Wednesday, November 4.

According to Zacks Investment Research, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California.”

ZEN Company Profile

Zendesk, Inc., incorporated on March 3, 2009, is a software development company. The Firm provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Firm also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.

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