Morgan Stanley analyst Stan Zlotsky said after hosting meetings with Zendesk CFO Elena Gomez and VP of Strategy Marc Cabi that management commentary on the macro environment sounded a bit more stable compared to 90 days earlier. His sense of the underlying improvements in Zendesk's macro environment, combined with what he sees as a heightened focus on execution and closing deals early, leads Zlotsky to believe that Zendesk could have a strong Q4, he tells investors. He also sees room for management to set up "beat and raise" quarters into next year, added Zlotsky, who keeps an Overweight rating and $102 price target on Zendesk shares.