Needham Maintains Buy on Five9, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg maintains a Buy rating on Five9 (NASDAQ:FIVN) but lowers the price target from $90 to $48.
August 09, 2024 | 8:51 pm
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Needham analyst Scott Berg maintains a Buy rating on Five9 but significantly lowers the price target from $90 to $48.
The significant reduction in the price target from $90 to $48 suggests a more cautious outlook on Five9's future performance, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100