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Fly News Breaks for May 18, 2018
ZEN
May 18, 2018 | 07:48 EDT
JMP Securities analyst Patrick Walravens increased his price target on Zendesk to $60 from $55 after the company hosted its analyst and investor day, noting that the company made two key product announcements - the Zendesk Suite and Connect - at the event. The company also reiterated its 2020 revenue target of $1B and increased its gross margin and operating margin targets, noted Walravens, who keeps an Outperform rating on Zendesk.
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