Wells Fargo raised the firm’s price target on Five9 (FIVN) to $100 from $90 and keeps an Overweight rating on the shares. The firm notes Bloomberg’s reports suggest Five9 is exploring strategic options, with a Zoom Video (ZM) deal potentially back on the table 2.5 years later. Wells continues to view Five9 as a highly strategic asset in CCaaS, warranting some takeout premium.
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