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UPDATE: Citi Starts Zendesk (ZEN) at Neutral

July 16, 2020 5:39 AM EDT
Get Alerts ZEN Hot Sheet
Price: $77.48 --0%

Rating Summary:
    13 Buy, 16 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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(Updated - July 16, 2020 6:47 AM EDT)

(updating comment)

Citi analyst Walter Pritchard initiates coverage on Zendesk (NYSE: ZEN) with a Neutral rating and a price target of $100.00.

The analyst comments "While we find the customer service opportunity as attractive, Zendesk has competition above (CRM) and below it (new entrants). Its suite strategy is early and execution has been uneven. We’d like to see more stability as we think investors are unlikely to reward the stock with a premium multiple in these conditions."

For an analyst ratings summary and ratings history on Zendesk click here. For more ratings news on Zendesk click here.

Shares of Zendesk closed at $88.42 yesterday.


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