SendGrid (NYSE:SEND) Getting Somewhat Favorable Press Coverage, Accern Reports

Press coverage about SendGrid (NYSE:SEND) has trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SendGrid earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2725106616615 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

SEND has been the topic of a number of analyst reports. Stifel Nicolaus assumed coverage on shares of SendGrid in a research note on Monday, December 11th. They set a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley assumed coverage on shares of SendGrid in a research report on Monday, December 11th. They set an “equal weight” rating for the company. William Blair assumed coverage on shares of SendGrid in a research report on Monday, December 11th. They set an “outperform” rating for the company. Piper Jaffray Companies began coverage on shares of SendGrid in a research report on Monday, December 11th. They set 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 objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. SendGrid presently has an average rating of “Buy” and an average price target of $25.33.

SendGrid (NYSE SEND) opened at $23.76 on Thursday. SendGrid has a 1-year low of $17.50 and a 1-year high of $27.42.

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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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