![]() ![]() (NYSE: ZEN) today reported financial results for the third quarter ended. Seagen Adds Two New Risk Factors Arthur J Gallagher Outlines New Risk Factors Lightspeed to Expand Footprint in Australia and the U.S. Highlights: Third quarter revenue increased 20 year-over-year to 416.9 million Third quarter GAAP operating loss of 55.4 million and non-GAAP operating income of 48.9 million GAAP operating loss includes restructuring expenses of 10.2 million and merger-related costs and other expenses of 6.6 million Zendesk, Inc. The average Zendesk price target of $144.75 implies 38% upside potential to current levels. ![]() ![]() Overall, consensus among analysts is a Moderate Buy based on 10 Buys and five Holds. Samana is concerned about the Momentive acquisition deal though, and thinks that Zendesk’s target of getting to $3.5 billion revenue in 2024 may not come easily. The analyst noted that Zendesk delivered strong Q3 results, and issued an encouraging Q4 outlook. Samana’s reduced price target still suggests 14.4% upside potential. Zendesk’s stock has declined 14.6% over the past 12 months.įollowing Zendesk’s Q3 earnings report, Jefferies analyst Samad Samana downgraded the rating on Zendesk stock to a Hold from a Buy.įurthermore, the analyst lowered his price target to $120 from $175. As a result, some employees may decide to leave and some customers, and suppliers may delay or cease doing business with the company.įorty-one percent of Zendesk’s risk factors fall under the Finance and Corporate. ZEN Stock Predictions, Articles, and Zendesk Inc News From InvestorPlace From the Web 3. Zendesk has also cautioned investors that the agreement to acquire Momentive could cause uncertainty among its staff, customers, and suppliers. Check out our ZEN stock analysis, current ZEN quote, charts, and historical prices for Zendesk Inc stock. It has also informed investors that even if it succeeds in closing the Momentive acquisition, it may not fully achieve the anticipated benefits of the merger. It says delays could be caused by regulatory requirements, and the need for the deal to be approved by shareholders of both companies. Looking forward, management believes that by 2024, a full year revenue will be 3.5 billion and, in 2025, 4.5 billion. Zendesk has told investors that its expenses related to the Momentive acquisition could increase if the transaction delays to close. It recently updated its risk profile with three new risk factors related to the pending Momentive acquisition. stock and our stock price may be more volatile. Zendesk carries 61 risk factors, according to the new TipRanks Risk Factors tool. This is an initial public offering of shares of common stock of Zendesk, Inc. ![]()
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