Canaccord Genuity Maintains Buy on Five9, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on Five9 (NASDAQ:FIVN) but lowers the price target from $90 to $75.

April 22, 2024 | 11:42 am
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Canaccord Genuity maintains a Buy rating on Five9 but lowers the price target from $90 to $75.
While the Buy rating reaffirms confidence in Five9's long-term prospects, the reduction in price target could reflect adjustments in market expectations or perceived challenges. This mixed signal might lead to short-term price volatility as investors reassess their positions based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100