UPDATE: Morgan Stanley Initiates Coverage On Zendesk As Emerging Market Leader
In a report published Monday, Morgan Stanley analyst Jennifer Swanson Lowe initiated coverage on Zendesk (NYSE: ZEN) with an Equal-Weight rating.
In the report, Morgan Stanley noted, “We see ZEN as an emerging leader in Customer Service software, disrupting an established multi-$B market with a differentiated solution. We think shares have upside from here and our DCF supports a $17 price, but we see more upside potential in other names like NOW and VEEV, and we initiate at EW.”
Zendesk closed on Friday at $15.39.
Latest Ratings for ZEN
|Apr 2015||Bank of America||Initiates Coverage on||Buy|
|Mar 2015||Credit Suisse||Initiates Coverage on||Neutral|
|Feb 2015||Canaccord Genuity||Maintains||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.