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Fly News Breaks for September 6, 2016
FIVN
Sep 6, 2016 | 08:37 EDT
Roth Capital analyst Richard Baldry raised his price target for Five9 to $22 from $18 after the company's two most direct competitors have agreed to be acquired. The analyst believes that the acquisitions leave the competitive landscape less intense to offer an outlook for better than expected growth and profitability ahead, while highlighting Five9 as an "increasingly desirable and scarce" asset in the SaaS space. Baldry reiterates a Buy rating on the shares.
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