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FIVN

Five9

$35.03

1.43 (4.26%)

07:40
08/07/18
08/07
07:40
08/07/18
07:40

Five9 price target raised to $42 from $34 at Canaccord

Canaccord analyst David Hynes raised his price target on Five9 to $42 from $34 following solid Q2 results. The analyst cited revenue growth accelerating to the fastest pace in two years along with expanding margins. Hynes, who also noted record Q2 bookings and a record pipeline, reiterated his Buy rating on Five9 shares.

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FIVN Five9
$35.03

1.43 (4.26%)

05/02/18
RHCO
05/02/18
NO CHANGE
Target $34
RHCO
Buy
Five9 price target raised to $34 from $30 at SunTrust
SunTrust analyst Terry Tillman raised his price target on Five9 (FIVN) to $34 and kept his Buy rating. The analyst notes the 38% growth in LTM enterprise subscription revenues, record Q1 bookings, and the progress made in operating leverage and cash flows. Tillman is also positive on Five9's appointment of a "highly experienced" with cloud apps and contact center infrastructure Cisco (CSCO) executive as CEO.
05/29/18
NEED
05/29/18
NO CHANGE
Target $38
NEED
Buy
Five9 price target raised to $38 from $35 at Needham
Needham analyst Scott Berg raised his price target on Five9 to $38 after his meeting with the CEO last week, saying he is impressed with the management's view of evolving Contact Center space as it extends the company's leadership. The analyst notes that he was most impressed with "AI unlocking the data within the voice Contact Center conversation", since that will likely drive the company's strategy in the near term. Berg keeps his Buy rating on Five9, further stating that the "secular move towards Cloud-Based CC solutions" could accelerate the company's revenue growth beyond the current forecast.
07/11/18
STFL
07/11/18
INITIATION
Target $36
STFL
Hold
Five9 initiated with a Hold at Stifel
Stifel analyst Matthew Van Vliet initiated Five9 with a Hold rating and a price target of $36. The analyst notes that the company is one of the leading Contact Center-as-a-Serivce providers and should continue to capture market share, having grown its revenue by 25% annually for the past few years. Van Vliet adds however that Five9's share price has already advanced 65% in the past year, and its valuation reflects its fundamentals..
08/07/18
JPMS
08/07/18
NO CHANGE
Target $46
JPMS
Overweight
Five9 price target raised to $46 from $32 at JPMorgan
JPMorgan analyst Sterling Auty raised his price target for Five9 to $46 following the company's Q2 results. The price was one of the best June quarters since Five9 went public and a "great result" for the first quarter under the new CEO Rowan Trollope, Auty tells investors in a research note. The analyst points out that the guidance saw the biggest increase in the last six quarters. He keeps an Overweight rating on Five9.

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