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Fly News Breaks for March 29, 2019
ZEN
Mar 29, 2019 | 07:16 EDT
Deutsche Bank analyst Michael Turrin raised his price target for Zendesk to $94 from $88 and keeps a Buy rating on the shares after spending time at the company's headquarters. With the launch of Sunshine and Sell, Zendesk is becoming more open in describing themselves as a customer relationship management provider, Turrin tells investors in a research note. The analyst sees room for some additional product bundling at Zendesk, which he thinks can help drive continued improvements in retention as well as increasing average revenue per user.
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