Morgan Stanley Maintains Equal-Weight on Five9, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Lieberman maintains an Equal-Weight rating on Five9 (NASDAQ:FIVN) but lowers the price target from $70 to $50.
June 14, 2024 | 12:58 pm
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Morgan Stanley has maintained its Equal-Weight rating on Five9 but has lowered the price target from $70 to $50, indicating a more cautious outlook.
The lowered price target from $70 to $50 by Morgan Stanley suggests a more cautious outlook on Five9's future performance, which could negatively impact the stock price in the short term.
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