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Fly News Breaks for August 1, 2018
ZEN
Aug 1, 2018 | 07:01 EDT
KeyBanc analyst Brent Bracelin raised his price target for Zendesk to $71 from $58 on increasing confidence in Zendesk's share gain prospects, clear path to the $1B revenue goal, and secular tailwinds as an enabler of the experience-centric era. The analyst notes that the company's Q2 results impressed on a revenue and billings beat of $4M and $12M, respectively, contributing to a full-year raise of $16M. He reiterates an Overweight rating on the shares.
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