Wells Fargo Maintains Overweight on Five9, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Five9 (NASDAQ:FIVN) and increased the price target from $90 to $100.
December 05, 2023 | 12:27 pm
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POSITIVE IMPACT
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Five9 and raises the price target to $100, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100