Morgan Stanley Maintains Equal-Weight on Five9, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Lieberman has maintained an Equal-Weight rating on Five9 (NASDAQ:FIVN) but has lowered the price target from $45 to $37.
October 15, 2024 | 12:32 pm
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Morgan Stanley has maintained an Equal-Weight rating on Five9 but reduced the price target from $45 to $37, indicating a less optimistic outlook.
The reduction in price target from $45 to $37 by Morgan Stanley suggests a less optimistic view on Five9's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100