Is Zendesk, Inc. (ZEN)’s Fuel Running Low? The Stock Reaches All Time High Today

February 15, 2018 - By Hazel Jackson

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. The company was maintained on Wednesday, April 19 by Guggenheim. The rating was initiated by Summit Research on Monday, March 28 with “Buy”. The stock has “Buy” rating by Rosenblatt on Thursday, August 27. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Neutral” rating by UBS on Thursday, November 9. Piper Jaffray maintained it with “Buy” rating and $42.0 target in Tuesday, January 23 report. On Thursday, November 2 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, February 7. RBC Capital Markets maintained Zendesk, Inc. (NYSE:ZEN) on Sunday, July 30 with “Buy” rating. As per Monday, July 18, the company rating was reinitiated by Summit Redstone Partners. Morgan Stanley maintained Zendesk, Inc. (NYSE:ZEN) rating on Monday, October 23. Morgan Stanley has “Overweight” rating and $35 target.

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 Streetinsider.com with their article: “Form 4 Zendesk, Inc. For: Feb 08 Filed by: McDermott Adrian” published on February 13, 2018, Fool.com published: “Why Zendesk, Inc. Stock Jumped 13.8% in January” on February 09, 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 Fool.com‘s news article titled: “Zendesk Is Now Free-Cash-Flow Positive” with publication date: February 07, 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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