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Fly News Breaks for May 2, 2018
ZEN
May 2, 2018 | 07:53 EDT
Cowen analyst J. Derrick Wood raised his price target on Zendesk to $58 from $53 following better than expected Q1 results. The analyst cited its billings growth of 40%, which is its 32nd straight quarter with such growth. He also believes average revenues are increasing and the company is hitting its stride in moving upmarket. Wood reiterated his Outperform rating on Zendesk shares.
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