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Fly News Breaks for May 1, 2019
May 1, 2019 | 08:51 EDT
Wells Fargo analyst Philip Winslow raised his price target for Zendesk to $115 from $90 after the company reported "strong" Q1 results with revenue, EPS and billings above consensus expectations driven by momentum across the entire business. The analyst believes Zendesk's product strategy continues to resonate with customers as evidenced by Zendesk Suite's increasing traction, which has landed more than 3,500 paid customers within its first 10 months. He reiterates an Outperform rating on the shares.
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