Rosenblatt Maintains Buy on Five9, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick maintains a 'Buy' rating on Five9 (NASDAQ:FIVN) but has lowered the price target from $105 to $90.
October 27, 2023 | 11:39 am
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Rosenblatt has maintained a 'Buy' rating on Five9 but lowered the price target from $105 to $90, which may impact the stock's performance.
The lowered price target indicates that the analyst sees less upside potential in the stock, which could lead to a negative sentiment among investors. However, the maintained 'Buy' rating suggests that the analyst still believes in the company's fundamentals, which could balance out the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100