Wells Fargo Maintains Overweight on Five9, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Five9 but lowers the price target from $65 to $55.
October 23, 2024 | 2:50 pm
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Wells Fargo's analyst Michael Turrin maintains an Overweight rating on Five9 but reduces the price target from $65 to $55, indicating a more cautious outlook.
The reduction in price target from $65 to $55 by Wells Fargo suggests a more cautious outlook on Five9's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100