Deutsche Bank analyst Matthew Niknam upgraded Five9 to Buy from Hold with a price target of $80, up from $75, which represents 20% potential upside. The analyst believes the company’s momentum from recent bookings strength amid a favorable backdrop for cloud contact center spend is likely to reaccelerate Five9’s revenue growth. In addition, the stock’s current valuation is roughly half of year ago levels, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FIVN: