Zendesk Receives a Rating Update from a Top Analyst

By Carrie Williams

RBC Capital analyst Ross MacMillan reiterated a Buy rating on Zendesk (NYSE: ZEN) today and set a price target of $35. The company’s shares opened today at $30.16, close to its 52-week high of $31.95.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 21.7% and a 81.1% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Currently, the analyst consensus on Zendesk is Moderate Buy and the average price target is $32.29, representing a 7.1% upside.

In a report issued on October 12, Piper Jaffray also reiterated a Buy rating on the stock with a $35 price target.

The company has a one-year high of $31.95 and a one-year low of $19.77. Currently, Zendesk has an average volume of 855.7K.

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Zendesk, Inc. offers software-as-a-service, or SaaS, customer service platform which enables companies to provide customer support. It offers customer support, customer self-service help center, customer engagement, strategic analytics, Zendesk Embeddables, subscription plans, analytics software, and subscription plans.