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Fly News Breaks for January 13, 2017
FIVN
Jan 13, 2017 | 07:19 EDT
Canaccord analyst David Hynes said Five9 remains a top small cap pick for 2017 citing the company's own upward estimate revisions. The analyst said despite its growth rate its revenue multiples are only in line with the broader cloud group. He feels Five9 has the potential to be a top performing software name for the third straight year. Hynes reiterated his Buy rating and raised his price target to $20 from $18 on Five9 shares.
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