SendGrid Inc (SEND) Given Average Recommendation of “Buy” by Brokerages
Shares of SendGrid Inc (NYSE:SEND) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.33.
Several analysts have commented on SEND shares. Stifel Nicolaus started coverage on shares of SendGrid in a research note on Monday, December 11th. They set a “buy” rating and a $25.00 price objective for the company. Morgan Stanley began coverage on shares of SendGrid in a research note on Monday, December 11th. They set an “equal weight” rating for the company. William Blair began coverage on shares of SendGrid in a research note on Monday, December 11th. They issued an “outperform” rating for the company. Piper Jaffray Companies began coverage on shares of SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $25.00 price target for the company. Finally, KeyCorp began coverage on shares of SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $26.00 price target for the company.
Shares of SendGrid (SEND) traded up $0.93 during midday trading on Friday, reaching $25.04. 489,800 shares of the company’s stock traded hands, compared to its average volume of 526,733. SendGrid has a twelve month low of $17.50 and a twelve month high of $27.42.
SendGrid Company Profile
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.
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