What Next for Zendesk, Inc. (ZEN) Stock After Making All Time High?

February 15, 2018 - By Maria Brooks

The stock of Zendesk, Inc. (NYSE:ZEN) reached all time high today, Feb, 15 and still has $44.36 target or 4.00 % above today’s $42.65 share price. This indicates more upside for the $4.33B company. This technical setup was reported by Barchart.com. If the $44.36 PT is reached, the company will be worth $173.16M 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 0.12% or $0.05 during the last trading session, reaching $42.65. About 553,419 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 6.73% since February 15, 2017 and is uptrending. It has underperformed by 9.97% the S&P500.

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 56 analyst reports since August 5, 2015 according to SRatingsIntel. Rosenblatt initiated the shares of ZEN in report on Thursday, August 27 with “Buy” rating. RBC Capital Markets maintained the shares of ZEN in report on Thursday, November 2 with “Buy” rating. Guggenheim maintained Zendesk, Inc. (NYSE:ZEN) on Wednesday, February 7 with “Buy” rating. The rating was initiated by Piper Jaffray with “Overweight” on Wednesday, June 1. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Buy” rating by Goldman Sachs on Tuesday, April 19. As per Thursday, August 6, the company rating was maintained by Canaccord Genuity. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Hold” rating by Stifel Nicolaus on Friday, July 21. As per Wednesday, February 7, the company rating was maintained by Piper Jaffray. The company was maintained on Wednesday, November 4 by Rosenblatt. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, January 23 report.

More notable recent Zendesk, Inc. (NYSE:ZEN) news were published by: Businesswire.com which released: “Zendesk Joins Shopify Plus Technology Partner Program” on January 16, 2018, also Fool.com with their article: “Zendesk Is Now Free-Cash-Flow Positive” published on February 07, 2018, Businesswire.com published: “Zendesk to Present at the Goldman Sachs Technology and Internet Conference” on February 06, 2018. More interesting news about Zendesk, Inc. (NYSE:ZEN) were released by: Businesswire.com and their article: “CORRECTING and REPLACING Zendesk Announces Fourth Quarter and Full Fiscal Year …” published on February 06, 2018 as well as Streetinsider.com‘s news article titled: “Form 4 Zendesk, Inc. For: Feb 08 Filed by: McDermott Adrian” with publication date: February 13, 2018.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $4.33 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.

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