Piper Sandler Maintains Overweight on Five9, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish maintains an Overweight rating on Five9 (NASDAQ:FIVN) but has lowered the price target from $94 to $77.
November 03, 2023 | 7:56 pm
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Piper Sandler has maintained an Overweight rating on Five9 but lowered the price target from $94 to $77.
The lowering of the price target by Piper Sandler could potentially lead to a decrease in the stock price of Five9 in the short term as it indicates a lower expected value of the stock. However, the maintained Overweight rating suggests that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100