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Fly News Breaks for May 1, 2019
ZEN
May 1, 2019 | 05:12 EDT
Jefferies analyst Samad Samana raised his price target for Zendesk to $102 from $90 saying the company beat Q1 consensus revenue, billings and operating margin. However, he believes the company's Q2 revenue guidance being only slightly above consensus at the midpoint might have disappointed some investors. The analyst, thought, thinks the guidance will likely prove conservative as enterprise tends to perform better after Q1. Samana maintains a Buy rating on Zendesk.
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