In a report released today, Kenneth Wong from Guggenheim maintained a Buy rating on Zendesk (ZEN – Research Report), with a price target of $145.00. The company’s shares closed last Thursday at $114.18.
According to TipRanks.com, Wong is a 4-star analyst with an average return of 14.7% and a 56.1% success rate. Wong covers the Technology sector, focusing on stocks such as Weave Communications, Progress Software, and Veeva Systems.
Currently, the analyst consensus on Zendesk is a Moderate Buy with an average price target of $130.22, a 28.4% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $193.00 price target.
See the top stocks recommended by analysts >>
Based on Zendesk’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $347 million and GAAP net loss of $54.42 million. In comparison, last year the company earned revenue of $262 million and had a GAAP net loss of $40.7 million.
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. 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.
Read More on ZEN:
- Twitter Q4 Earnings and Revenue Miss Estimates; Issues Guidance
- Report: Tesla Announces Another Recall; This Time to Fix Pedestrian Warning Sounds
- HubSpot’s Q4 Results Exceed Expectations; Shares Rise 5.5%
- Freshworks (FRSH) Receives a Rating Update from a Top Analyst
- Oppenheimer Maintains Their Hold Rating on Zendesk (ZEN)
