Wells Fargo Maintains Overweight on Five9, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Five9 (NASDAQ:FIVN) and lowers the price target from $90 to $85.

May 03, 2024 | 6:26 pm
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Wells Fargo maintains an Overweight rating on Five9 and lowers the price target from $90 to $85.
The adjustment in price target by a major analyst like Wells Fargo can have a mixed impact on the stock. While maintaining an Overweight rating indicates a positive outlook on the stock, the reduction in price target could signal a tempered expectation for the stock's short-term growth potential. Investors may react cautiously to the new price target, balancing the positive rating against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100