Analysts Are Bullish on These Technology Stocks: ZEN, GRUB

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zendesk (NYSE: ZEN) and GrubHub (NYSE: GRUB) with bullish sentiments.

Zendesk (NYSE: ZEN)

KeyBanc analyst Brent Bracelin reiterated a Buy rating on Zendesk (NYSE: ZEN) on October 12 and set a price target of $35. The company’s shares closed on Friday at $29.91.

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 14.5% and a 75.4% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

Currently, the analyst consensus on Zendesk is Moderate Buy and the average price target is $31.71, representing a 6.0% upside.

In a report issued on October 8, RBC Capital also reiterated a Buy rating on the stock with a $31 price target.
GrubHub (NYSE: GRUB)

In a report issued on October 13, Brad Erickson from KeyBanc reiterated a Buy rating on GrubHub (NYSE: GRUB), with a price target of $62. The company’s shares closed on Friday at $51.61.

According to TipRanks.com, Erickson is a 3-star analyst with an average return of 2.9% and a 54.9% success rate. Erickson covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Harman International, and Silicon Laboratories.

Currently, the analyst consensus on GrubHub is Moderate Buy and the average price target is $56.36, representing a 9.2% upside.

In a report issued on October 1, Stifel Nicolaus also reiterated a Buy rating on the stock with a $53 price target.

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