Piper Jaffray Companies initiated coverage on shares of SendGrid (NYSE:SEND) in a research report report published on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $25.00 price target on the stock.

A number of other research firms have also recently weighed in on SEND. J P Morgan Chase & Co started coverage on shares of SendGrid in a report on Monday. They issued an overweight rating on the stock. KeyCorp started coverage on shares of SendGrid in a report on Monday. They issued an overweight rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. SendGrid currently has a consensus rating of Buy and a consensus price target of $25.33.

SendGrid (NYSE SEND) opened at $19.21 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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