UPDATE: Citi Starts Zendesk (ZEN) at Neutral
Get Alerts ZEN Hot Sheet
Rating Summary:
13 Buy, 16 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
(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.
You May Also Be Interested In
- TKO Group Holdings (TKO) PT Raised to $130 at Citi
- Playa Hotels & Resorts (PLYA) PT Raised to $12 at Citi
- Arcellx Inc. (ACLX) PT Raised to $81 at Needham
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
CitiSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!