Fly News Breaks for May 2, 2018
ZEN
May 2, 2018 | 08:32 EDT
JMP Securities analyst Patrick Walravens called Zendesk's Q1 report "very strong," noting that the company's 40% year-over-year billings growth beat the consensus forecast for growth of 31%. Following the report, Walravens raised his 2018 and 2019 EPS estimates and increased his price target on Zendesk shares to $55 from $44. He keeps an Outperform rating on Zendesk, citing its huge growth in customer service interactions, increasing traction in the enterprise and improved sales force stability.
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