SendGrid Inc (SEND) Receives Consensus Rating of “Buy” from Brokerages

Shares of SendGrid Inc (NYSE:SEND) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.33.

SEND has been the subject of several recent research reports. J P Morgan Chase & Co initiated coverage on SendGrid in a research note on Monday. They issued an “overweight” rating for the company. KeyCorp assumed coverage on SendGrid in a research report on Monday. They set an “overweight” rating and a $26.00 target price on the stock. Piper Jaffray Companies assumed coverage on SendGrid in a research report on Monday. They set an “overweight” rating and a $25.00 target price on the stock. William Blair assumed coverage on SendGrid in a research report on Monday. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus assumed coverage on SendGrid in a research report on Monday. They set a “buy” rating and a $25.00 target price on the stock.

Shares of SendGrid (NYSE SEND) traded up $1.95 during mid-day trading on Monday, hitting $21.36. The stock had a trading volume of 164,400 shares, compared to its average volume of 380,700. SendGrid has a 12 month low of $17.50 and a 12 month 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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