Breaking: Canaccord Genuity Reiterates $28.0 Target Price On Five9 (NASDAQ:FIVN) Shares, Reiterates Their Original “Buy” Rating

February 15, 2018 - By Peter Erickson

 Breaking: Canaccord Genuity Reiterates $28.0 Target Price On Five9 (NASDAQ:FIVN) Shares, Reiterates Their Original

Five9 (NASDAQ:FIVN) Rating Reaffirmed

The company has just set a price target of $28.0 on Five9 (NASDAQ:FIVN) shares. This is 6.34 % from the current stock price. In a research report sent to investors and clients on Wednesday morning, Canaccord Genuity restate their “Buy” rating on shares of FIVN.

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. Needham maintained Five9, Inc. (NASDAQ:FIVN) rating on Thursday, November 9. Needham has “Buy” rating and $30.0 target. The firm earned “Buy” rating on Wednesday, November 2 by Needham. The firm earned “Buy” rating on Thursday, November 9 by Northland Capital. Needham reinitiated Five9, Inc. (NASDAQ:FIVN) on Monday, May 16 with “Buy” rating. The company was maintained on Thursday, November 9 by KeyBanc Capital Markets. As per Tuesday, July 11, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 4. The firm has “Buy” rating given on Wednesday, July 19 by Northland Capital. The company was maintained on Thursday, December 3 by Canaccord Genuity. As per Thursday, August 4, the company rating was maintained by Barclays Capital.

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: “Analyst Reports Recognize Five9” published on January 30, 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: “Five9 Deploys 600 Contact Center Agents in Multiple Worldwide Locations in One …” published on February 02, 2018 as well as Businesswire.com‘s news article titled: “Wendell Black, Vice President Global Channel and International Business of …” with publication date: February 12, 2018.

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