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Fly News Breaks for November 8, 2018
ZEN
Nov 8, 2018 | 05:15 EDT
After hosting investor meetings with management, Jefferies analyst Samad Samana says he views Zendesk as one of the most attractive mid-cap growth stocks. He reiterates a Buy rating on the shares with an $82 price target. The stock has been weak along with the rest of software recently, but its fundamental outlook remains positive, Samana tells investors in a research note. He believes the "clearest benefit" of the bundled Zendesk Suite pricing is that it allows the company to better monetize its non-Support products more quickly.
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