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Fly News Breaks for February 17, 2017
FIVN
Feb 17, 2017 | 08:22 EDT
Roth Capital analyst Richard Baldry raised his price target for Five9 to $26 from $22 after the company's Q4 revenues and earnings both well-exceeded forecasts, and its pro forma net income turned positive for the first time in its history. While his forecasts call for a return to narrow losses until Q4, the analyst believes achieving this milestone a year ahead of his forecast should prove to be a "strong valuation catalyst." He reiterates a Buy rating on the shares.
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