Canaccord analyst David Hynes Jr. raised his price target for Zendesk to $100 from $85, saying he thinks the stock decline after-hours on Tuesday was more the results of heightened expectations versus anything disappointing in results. The analyst, who maintains a Buy rating, tells investors in a research note that he believes Zendesk is well positioned in its core small and mid-market effort with Suites and now Sell, that the firm's still new named account and channel strategy will continue to lead to larger and more strategic engagements that drive forward the Enterprise effort, and that Sunshine represents a compelling longer-term opportunity as organizations look to modernize and configure customer experience platforms.