What is Wall Street's Target Price for Zendesk Inc (ZEN) Stock Monday?

Monday, June 27, 2022 11:57 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Zendesk Inc (ZEN) Stock Monday?

Wall Street is positive on Zendesk Inc (ZEN). On average, analysts give ZEN a Buy rating. The average price target is $116.6, which means analysts expect the stock to rise by 56.41% over the next twelve months. That average ranking earns ZEN an Analyst Rating of 20, which is better than 20% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating ZEN a Buy today. Find out what this means to you and get the rest of the rankings on ZEN!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Zendesk Inc Stock Today?

Zendesk Inc (ZEN) stock is trading at $74.55 as of 11:46 AM on Monday, Jun 27, a rise of $0.38, or 0.51% from the previous closing price of $74.17. Volume today is 5,020,552 compared to average volume of 4,436,967. The stock has traded between $74.15 and $75.06 so far today. Click Here to get the full Stock Report for Zendesk Inc stock.