RBC assumes Zendesk (NYSE:ZEN) coverage with an Outperform rating and $106 price target.
Analyst Alex Zukin: "ZEN’s core offering will continue to grow at 30+% over the next two years in a large (TAM) with new platform and conversational offerings."
Zukin sees the 14% pullback from the July peak as a buying opportunity.
Zendesk shares are down 0.4% to $79.90 during a broad tech decline. The company has a Buy average Sell Side rating.
Now read: Daily Insider Ratings Round Up 8/22/19 »
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