In a report released on January 26, Michael Turrin from Wells Fargo maintained a Buy rating on Five9 (FIVN – Research Report), with a price target of $100.00. The company’s shares closed last Friday at $77.22.
Turrin covers the Technology sector, focusing on stocks such as Microsoft, Five9, and 8X8. According to TipRanks, Turrin has an average return of -3.5% and a 51.34% success rate on recommended stocks.
In addition to Wells Fargo, Five9 also received a Buy from KeyBanc’s Thomas Blakey in a report issued on January 22. However, on the same day, Jefferies maintained a Hold rating on Five9 (NASDAQ: FIVN).
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FIVN market cap is currently $5.61B and has a P/E ratio of -66.50.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVN in relation to earlier this year.
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Five9 (FIVN) Company Description:
Five9, Inc. engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization, and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.
Read More on FIVN:
- Five9 price target raised to $93 from $86 at KeyBanc
- Five9 price target raised to $86 from $84 at Piper Sandler
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- Five9 price target raised to $78 from $65 at Jefferies
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