Rosenblatt Maintains Buy on Five9, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick maintains a Buy rating on Five9 (NASDAQ:FIVN) but lowers the price target from $90 to $80.

April 26, 2024 | 12:11 pm
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NEUTRAL IMPACT
Rosenblatt maintains a Buy rating on Five9 but lowers the price target from $90 to $80.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or expectations for future performance. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests any impact might be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100