UBS Maintains Buy on Five9, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Taylor McGinnis maintains a Buy rating on Five9 (NASDAQ:FIVN) but lowers the price target from $90 to $81.
May 03, 2024 | 10:16 pm
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UBS maintains a Buy rating on Five9 but lowers the price target from $90 to $81.
The adjustment in price target by UBS reflects a recalibration of expectations for Five9's stock, potentially due to market conditions or company performance. While the Buy rating indicates continued confidence in the company's prospects, the reduced price target suggests a tempered outlook on its short-term price performance. Investors might see this as a signal to adjust their expectations accordingly, but the maintained Buy rating still suggests an overall positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100