Baird Downgrades Five9 to Neutral, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power has downgraded Five9 (NASDAQ:FIVN) from Outperform to Neutral and lowered the price target from $90 to $40.
August 09, 2024 | 9:13 am
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Baird analyst William Power downgraded Five9 from Outperform to Neutral and reduced the price target from $90 to $40.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $90 to $40 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of Five9 in the short term.
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