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FIVN

Five9

$172.81 /

+4.78 (+2.84%)

, ZM

Zoom Video

$283.80 /

+5.85 (+2.10%)

10:35
09/17/21
09/17
10:35
09/17/21
10:35

Piper upgrades Five9 on potential for increased Zoom takeover bid

Piper Sandler analyst James Fish upgraded Five9 (FIVN) to Overweight from Neutral with a price target of $200, down from $203. The stock in morning trading is up 3% to $173.31. After speaking with Five9 investors and learning of the Institutional Shareholder Services recommendation to vote against the Zoom Video Communications (ZM) takeover, the analyst sees an increased probability of his "top scenario" of Zoom having to offer a sweetener to at least $200 per share to "make investors whole." Fish also sees an increased probability of an out-right deal rejection that reverts Five9 back to standalone valuation. The risk/reward setup for Five9 is attractive ahead of the shareholder vote on September 30, Fish tells investors in a research note. He sees "multiple scenarios for share upside."

FIVN

Five9

$172.81 /

+4.78 (+2.84%)

ZM

Zoom Video

$283.80 /

+5.85 (+2.10%)

  • 30

    Sep

  • 13

    Jan

FIVN Five9
$172.81 /

+4.78 (+2.84%)

09/17/21 Piper Sandler
Five9 upgraded to Overweight from Neutral at Piper Sandler
09/09/21 JMP Securities
Nice price target raised to $343 from $302 at JMP Securities
09/07/21 Needham
Five9 upgraded to Buy from Hold at Needham
08/18/21
Fly Intel: Top five analyst downgrades
ZM Zoom Video
$283.80 /

+5.85 (+2.10%)

09/03/21 UBS
DocuSign price target raised to $350 from $340 at UBS
09/02/21 Citi
Zoom Video price target lowered to $304 from $380 at Citi

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