Needham Reiterates Buy on Five9, Maintains $90 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Scott Berg has reiterated a 'Buy' rating on Five9 (NASDAQ:FIVN) and maintained a price target of $90.
August 08, 2023 | 11:08 am
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Needham analyst Scott Berg has reiterated a 'Buy' rating on Five9, maintaining a price target of $90. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's performance. Maintaining the price target at $90 suggests that the analyst believes the stock is still undervalued, which could encourage investors to buy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100