In-Depth Examination Of 8 Analyst Recommendations For Five9
Portfolio Pulse from Benzinga Insights
Eight analysts have recently updated their recommendations for Five9 (NASDAQ:FIVN), showing a mix of bullish and somewhat bullish perspectives with no bearish views. The average 12-month price target is now $91.62, up from $84.40, indicating an 8.55% increase. Analysts from firms including Needham, Keybanc, Piper Sandler, Deutsche Bank, Truist Securities, and Wells Fargo have adjusted their ratings and price targets, reflecting positive sentiment towards Five9's market position despite its challenges in revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.
February 15, 2024 | 1:00 pm
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Analysts show a bullish outlook on Five9 with an increased average price target of $91.62, indicating a positive sentiment towards the company's future despite its financial challenges.
The unanimous bullish and somewhat bullish ratings from eight analysts, coupled with an increase in the average price target to $91.62 from $84.40, reflect a strong positive sentiment towards Five9's stock. This optimism is based on the company's recent performance and market position, despite its financial challenges such as below-average revenue growth, net margin, ROE, ROA, and a high debt-to-equity ratio. The analysts' adjustments in ratings and price targets suggest a belief in the company's potential for growth and improvement in financial health, which could drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100