Can Zendesk, Inc. (ZEN)’s Tomorrow be Different? The Stock Just Broke Its High

July 16, 2018 - By Palma Niemeyer

Zendesk, Inc. (NYSE:ZEN) Logo

The stock of Zendesk, Inc. (NYSE:ZEN) hit a new 52-week high and has $61.22 target or 3.00 % above today’s $59.44 share price. The 6 months bullish chart indicates low risk for the $6.22 billion company. The 1-year high was reported on Jul, 16 by If the $61.22 price target is reached, the company will be worth $186.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.40% or $0.24 during the last trading session, reaching $59.44. About 755,873 shares traded. Zendesk, Inc. (NYSE:ZEN) has risen 119.18% since July 16, 2017 and is uptrending. It has outperformed by 106.61% the S&P500.

Analysts await Zendesk, Inc. (NYSE:ZEN) to report earnings on August, 2. They expect $-0.26 EPS, 0.00 % or $0.00 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 8.33 % negative EPS growth.

Zendesk, Inc. (NYSE:ZEN) Ratings Coverage

Among 12 analysts covering Zendesk (NYSE:ZEN), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Zendesk had 22 analyst reports since January 17, 2018 according to SRatingsIntel. Piper Jaffray maintained Zendesk, Inc. (NYSE:ZEN) rating on Wednesday, May 2. Piper Jaffray has “Buy” rating and $6500 target. Craig Hallum maintained Zendesk, Inc. (NYSE:ZEN) on Wednesday, February 7 with “Buy” rating. KeyBanc Capital Markets maintained it with “Overweight” rating and $43 target in Wednesday, February 7 report. The firm earned “Buy” rating on Wednesday, February 7 by Piper Jaffray. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, February 7. The stock of Zendesk, Inc. (NYSE:ZEN) earned “Equal-Weight” rating by Stephens on Wednesday, February 7. Rosenblatt maintained Zendesk, Inc. (NYSE:ZEN) on Friday, May 18 with “Buy” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, March 13. The stock of Zendesk, Inc. (NYSE:ZEN) has “Buy” rating given on Wednesday, May 2 by Cowen & Co. On Wednesday, May 2 the stock rating was maintained by Craig Hallum with “Buy”.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $6.22 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.

Zendesk, Inc. (NYSE:ZEN) Ratings Chart

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