SendGrid (NYSE:SEND) Receives New Coverage from Analysts at KeyCorp

Equities research analysts at KeyCorp initiated coverage on shares of SendGrid (NYSE:SEND) in a report released on Monday, December 11th, Marketbeat.com reports. The brokerage set an “overweight” rating and a $26.00 price target on the stock. KeyCorp’s target price would indicate a potential upside of 4.88% from the stock’s previous close. KeyCorp also issued estimates for SendGrid’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at $0.02 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at ($0.02) EPS.

Separately, JPMorgan Chase & Co. initiated coverage on SendGrid in a report on Monday, December 11th. They set an “overweight” rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.33.

Shares of SendGrid (NYSE SEND) traded up $0.82 during mid-day trading on Monday, reaching $24.79. The company had a trading volume of 781,315 shares, compared to its average volume of 626,500. The firm has a market capitalization of $1,050.00 and a PE ratio of -225.36. SendGrid has a 52-week low of $17.50 and a 52-week high of $27.42.

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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.

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