After hosting investor meetings with management, Deutsche Bank analyst Michael Turrin thinks Zendesk can continue to drive 30%-plus revenue growth over a multi-year period. The company has "several additional growth drivers in place" beyond seat-based expansion, which has been the main contributor to driving consistent net expansion rates of 115%-120%, Turrin told investors earlier in a research note. Further, the analyst believes the launch of Zendesk Suite has been a "true differentiator." It has eliminated some of the selling friction around licensing while also delivering increased value to customers, Turrin said. He believes Zendesk continues to drive progress on the move upmarket and keeps a Buy rating on the shares.