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Piper Sandler Stick to Their Buy Rating for Zendesk

Published 07/30/2021, 08:28 AM
Updated 07/30/2021, 08:28 AM


Piper Sandler analyst Brent Bracelin maintained a Buy rating on Zendesk (NYSE:ZEN) on Friday, setting a price target of $175, which is approximately 16.26% above the present share price of $150.52.

Bracelin expects Zendesk to post earnings per share (EPS) of -$0.42 for the third quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Zendesk, with an average price target of $182.5.
The analysts price targets range from a high of $190 to a low of $175.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $298.05 million and a net profit of -$37.28 million. The company's market cap is $17.86 billion.

According to TipRanks.com, Piper Sandler analyst Brent Bracelin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 36.8% and a 80.78% success rate.

Zendesk, Inc. engages in the provision of customer service platform which enables companies to provide customer support. Its products and services include support; guide; chat; talk; message; inbox team email; explore; connect plus outbound; integrations and apps; embeddables; insights and analytics; and products update. Its also features ticketing system; community forums; help desk software; IT help desk; security; and tech specs. The company was founded by Mikkel Asger Svane, Morten Primdahl and Alexander Aghassipour in 2007 and is headquartered in San Francisco, CA.

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