Reaffirmed: Five9 (NASDAQ:FIVN) “Buy” Rating Reconfirmed by Analysts at Canaccord Genuity; $28.0 Target in Place

February 15, 2018 - By Adrian Mccoy

 Reaffirmed: Five9 (NASDAQ:FIVN)

Five9 (NASDAQ:FIVN) Rating Reaffirmed

Five9 (NASDAQ:FIVN) just had their share rating of a ‘”Buy”‘ issued by research analysts at Canaccord Genuity, who now has a $28.0 target on the $1.47 billion market cap company or a 6.34 % upside potential. This key information was revealed to investors in a note on Wednesday morning.

Five9, Inc. (NASDAQ:FIVN) Ratings Coverage

Among 11 analysts covering Five9 Inc (NASDAQ:FIVN), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Five9 Inc has $35.0 highest and $7 lowest target. $27.38’s average target is 3.99% above currents $26.33 stock price. Five9 Inc had 31 analyst reports since October 9, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 4. Bank of America downgraded Five9, Inc. (NASDAQ:FIVN) on Tuesday, September 20 to “Underperform” rating. The stock of Five9, Inc. (NASDAQ:FIVN) has “Overweight” rating given on Wednesday, January 6 by Barclays Capital. The firm has “Outperform” rating given on Monday, January 4 by Northland Capital. On Thursday, November 9 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, November 8. SunTrust initiated Five9, Inc. (NASDAQ:FIVN) rating on Wednesday, January 31. SunTrust has “Buy” rating and $30.0 target. The stock has “Buy” rating by Northland Capital on Friday, September 1. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, December 3. Northland Capital maintained the shares of FIVN in report on Thursday, November 9 with “Buy” rating.

The stock increased 0.90% or $0.24 during the last trading session, reaching $26.33. About 101,351 shares traded. Five9, Inc. (NASDAQ:FIVN) has risen 123.16% since February 15, 2017 and is uptrending. It has outperformed by 106.46% the S&P500.

Five9, Inc., together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company has market cap of $1.47 billion. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture. It currently has negative earnings. The company??s solution enables its clients to manage these customer interactions across various channels, including voice, chat, email, Web, social media, and mobile, as well as connects them to an appropriate agent.

More notable recent Five9, Inc. (NASDAQ:FIVN) news were published by: Businesswire.com which released: “Ovum Names Five9 as a Leader in Decision Matrix for Selecting a Multichannel …” on January 18, 2018, also Businesswire.com with their article: “Five9 Deploys 600 Contact Center Agents in Multiple Worldwide Locations in One …” published on February 02, 2018, Businesswire.com published: “Five9 to Report Fourth Quarter and Fiscal Year 2017 Financial Results on …” on January 31, 2018. More interesting news about Five9, Inc. (NASDAQ:FIVN) were released by: Businesswire.com and their article: “Wendell Black, Vice President Global Channel and International Business of …” published on February 12, 2018 as well as Businesswire.com‘s news article titled: “Analyst Reports Recognize Five9” with publication date: January 30, 2018.

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