Zendesk, Inc. (ZEN) Sets All Time High; Strong Momentum for Holders

March 14, 2018 - By Marguerite Chambers

The stock of Zendesk, Inc. (NYSE:ZEN) reached all time high today, Mar, 14 and still has $50.65 target or 4.00 % above today’s $48.70 share price. This indicates more upside for the $5.04B company. This technical setup was reported by Barchart.com. If the $50.65 PT is reached, the company will be worth $201.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 5.78% or $2.66 during the last trading session, reaching $48.7. About 2.15 million shares traded or 128.50% up from the average. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since March 14, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on May, 3. They expect $-0.29 EPS, down 11.54 % or $0.03 from last year’s $-0.26 per share. After $-0.24 actual EPS reported by Zendesk, Inc. for the previous quarter, Wall Street now forecasts 20.83 % negative EPS growth.

Zendesk, Inc. (NYSE:ZEN) Ratings Coverage

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk had 57 analyst reports since August 5, 2015 according to SRatingsIntel. Guggenheim maintained the stock with “Buy” rating in Wednesday, April 19 report. The firm earned “Buy” rating on Sunday, October 29 by Canaccord Genuity. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Buy” rating by Guggenheim on Wednesday, February 7. Zacks downgraded Zendesk, Inc. (NYSE:ZEN) on Wednesday, August 5 to “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Wednesday, February 7. As per Sunday, September 3, the company rating was maintained by RBC Capital Markets. Bank of America maintained Zendesk, Inc. (NYSE:ZEN) rating on Wednesday, February 7. Bank of America has “Buy” rating and $45 target. Rosenblatt reinitiated it with “Buy” rating and $34 target in Wednesday, March 8 report. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, November 2. The stock has “Buy” rating by Wells Fargo on Thursday, November 2.

More news for Zendesk, Inc. (NYSE:ZEN) were recently published by: Fool.com, which released: “Better Buy: Shopify Inc (SHOP) vs. Zendesk Inc (ZEN)” on February 26, 2018. Forbes.com‘s article titled: “Zendesk Stands Little Chance Against Industry Goliaths” and published on March 13, 2018 is yet another important article.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $5.04 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.

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