How Will Zendesk (NYSE:ZEN) Stock React To New Rating Coverage byJefferies?

October 2, 2018 - By Louis Casey

Zendesk, Inc. (NYSE:ZEN) Logo

Why Has Jefferies Given Zendesk (NYSE:ZEN) a $82 Price Target

Jefferies analyst has initiated coverage on Zendesk (NYSE:ZEN) with a $82 price target and “Buy” rating. The price target would suggest a potential upside of 18.50 % from firm’s last close price.

Zendesk, Inc. (NYSE:ZEN) Ratings Coverage

Among 10 analysts covering Zendesk (NYSE:ZEN), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Zendesk has $84 highest and $45 lowest target. $63.40’s average target is -8.38% below currents $69.2 stock price. Zendesk had 16 analyst reports since April 23, 2018 according to SRatingsIntel. On Wednesday, May 2 the stock rating was maintained by Morgan Stanley with “Overweight”. Stifel Nicolaus maintained it with “Hold” rating and $5000 target in Friday, May 18 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, August 1 report. The stock has “Buy” rating by Craig Hallum on Wednesday, May 2. The company was maintained on Wednesday, August 1 by KeyBanc Capital Markets. The rating was maintained by Rosenblatt with “Buy” on Friday, May 18. The firm has “Buy” rating given on Wednesday, May 2 by Cowen & Co. The stock has “Overweight” rating by Morgan Stanley on Wednesday, June 27. Stifel Nicolaus maintained Zendesk, Inc. (NYSE:ZEN) rating on Wednesday, May 2. Stifel Nicolaus has “Hold” rating and $45 target. The firm has “Buy” rating given on Monday, July 23 by Bank of America.

The stock decreased 2.54% or $1.8 during the last trading session, reaching $69.2. About 907,548 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 141.85% since October 2, 2017 and is uptrending. It has outperformed by 126.23% the S&P500.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on November, 7. They expect $-0.24 EPS, up 7.69 % or $0.02 from last year’s $-0.26 per share. After $-0.25 actual EPS reported by Zendesk, Inc. for the previous quarter, Wall Street now forecasts -4.00 % EPS growth.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $7.33 billion. The Company’s flagship product includes Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. It currently has negative earnings. The firm also offers Zendesk Chat, a live chat software to connect with clients on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud call center software; Zendesk Help Center, a self-service destination with articles, interactive forums, and community; Zendesk Message, a customer messaging software; Zendesk Explore that makes customer data accessible across an organization; and Zendesk Connect, a customer intelligence software.

More news for Zendesk, Inc. (NYSE:ZEN) were recently published by:, which released: “Jefferies starts Zendesk at Buy” on October 01, 2018.‘s article titled: “After-Hours Stock Movers 10/01: (OMER) (IGC) (ZEN) Higher; (SFIX) (GWPH) Lower (more…)” and published on October 01, 2018 is yet another important article.

Zendesk, Inc. (NYSE:ZEN) Ratings Chart

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