Zendesk (ZEN) stock benefited the most Thursday from upgrades that Morgan Stanley handed out to a trio of software companies, with Zendesk stock rising nearly 6%. Morgan Stanley analyst Stan Zlotsky upped his rating on Zendesk to overweight from equal weight in a research note to clients. Zlotsky kept his price target on Zendesk stock at 28 but said that the company is “rapidly emerging as a leader” in customer service software. “Capitalizing on
Zendesk (ZEN) stock gapped up by double digits Wednesday morning, a day after the enterprise software maker managed to pare its second-quarter losses by more than Wall Street expected. Zendesk stock was up more than 14% in morning trading in the stock market today, which if it holds would be its second-biggest one-day jump ever. The company late Tuesday posted a per-share loss minus items of 8 cents, cutting in half its losses from Q2 2014 and
Zendesk is making a habit out of beating market expectations. When it posted Q3 earnings late Thursday, the enterprise software company reported its second consecutive quarter of better-than-expected numbers since launching its IPO earlier this year. Zendesk (ZEN) stock was up 16% in early afternoon trading in the stock market today, near 27, after earlier touching an all-time high above 28. Zendesk made its IPO in May, pricing its shares at 9.