SendGrid (SEND) Coverage Initiated by Analysts at Morgan Stanley

Analysts at Morgan Stanley began coverage on shares of SendGrid (NYSE:SEND) in a report issued on Monday, MarketBeat reports. The firm set an “equal weight” rating on the stock.

A number of other analysts have also recently issued reports on SEND. Piper Jaffray Companies assumed coverage on SendGrid in a research report on Monday. They set an “overweight” rating and a $25.00 price objective on the stock. KeyCorp assumed coverage on SendGrid in a research report on Monday. They set an “overweight” rating and a $26.00 price objective on the stock. Stifel Nicolaus initiated coverage on SendGrid in a research report on Monday. They set a “buy” rating and a $25.00 price objective on the stock. William Blair initiated coverage on SendGrid in a research report on Monday. They issued an “outperform” rating on the stock. Finally, J P Morgan Chase & Co initiated coverage on SendGrid in a research report on Monday. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. SendGrid presently has a consensus rating of “Buy” and a consensus price target of $25.33.

Shares of SendGrid (NYSE SEND) opened at $19.55 on Monday. SendGrid has a 1 year low of $17.50 and a 1 year high of $22.21.

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About SendGrid

SendGrid, Inc provides a digital communication platform. The Company’s platform enables businesses to engage with their customers through email. It offers three services: Email application programming interface (API), marketing campaigns and Expert services. Its email API service allows developers to use its API in their preferred development framework to leverage its platform to add email functionality to their applications.

Analyst Recommendations for SendGrid (NYSE:SEND)

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