What Can Investors Expect From Zendesk (NYSE:ZEN) Shares After Goldman’s New Coverage?


How Goldman Currently Rates Zendesk (NYSE:ZEN)

In analysts note sent to clients and investors today, Goldman analysts have started Zendesk (NYSE:ZEN) coverage with “Buy” rating.

From a total of 9 analysts covering Zendesk (NYSE:ZEN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $35 while the lowest target price is $28. The mean of all analyst targets is $30.56 with a 14.52% above today’s ($26.45) stock price. Zendesk was the topic of 11 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Rosenblatt maintained shares on November 4 with “Buy” rating. Morgan Stanley upgraded shares to “Overweight” rating and $28 target share price in a report from a September 10. Credit Suisse upgraded ZEN stock in a recent report from September 11 to “Outperform” rating. Canaccord Genuity maintained the rating on August 6. Canaccord Genuity has a “Buy” rating and a $32 price target on shares. Finally, William Blair initiated the stock with “Outperform” rating in a report issued on a September 10.

Approximately 160,365 shares of stock traded hands. Zendesk Inc (NYSE:ZEN) has risen 18.12% since May 8, 2015 and is uptrending. It has outperformed by 21.14% the S&P500.

Zendesk, Inc. is a software development company. The company has a market cap of $2.40 billion. The Firm provides software as a service (SaaS) customer service platform. It currently has negative earnings. The Firm answers customers’ questions and solves their problems through email, chat, voice, social media and Websites.

According to Zacks Investment Research, “Zendesk, Inc. is a software development company. It provides a software-as-a-service, or SaaS, customer service platform. The Company offers applications that allow clients to manage incoming support requests from end customers from any Internet connected computer. It provides customer service through its platform in approximately 40 languages to customers in various industries, such as business technology, telecommunications, education/non-profit, consumer technology, media/entertainment, and retail/ecommerce. Zendesk, Inc. is headquartered in San Francisco, California.” Get a free copy of the Zacks research report on Zendesk Inc (ZEN).