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Fly News Breaks for August 1, 2019
RNG, FIVN
Aug 1, 2019 | 06:58 EDT
JPMorgan analyst Sterling Auty upgraded Five9 (FIVN) to Overweight from Neutral and raised his price target for the shares to $70 from $59. Another quarter of 36% enterprise growth, and a stock trading at 18% discount to its closest peer RingCentral (RGN), warrants an upgrade, Auty tells investors in a research note. He believes Five9's shift to the cloud in contact center continues to see "excellent momentum."
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