Zendesk (ZEN) Receives a Buy from Rosenblatt Securities

By Carrie Williams

In a report released yesterday, Marshall Senk from Rosenblatt Securities reiterated a Buy rating on Zendesk (ZENResearch Report), with a price target of $70. The company’s shares closed yesterday at $53.10.

According to TipRanks.com, Senk is a 5-star analyst with an average return of 14.9% and a 57.8% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Salesforce.com, and Carbonite Inc.

Currently, the analyst consensus on Zendesk is a Strong Buy with an average price target of $69.69, a 31.2% upside from current levels. In a report issued on October 30, KeyBanc also reiterated a Buy rating on the stock with a $71 price target.

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The company has a one-year high of $72.76 and a one-year low of $31.90. Currently, Zendesk has an average volume of 1.53M.

Based on the recent corporate insider activity of 147 insiders, corporate insider sentiment is negative on the stock.

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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.