Five9 Inc logo

FIVN - Five9 Inc News Story

$172.73 -0.3  -0.2%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £8.44bn
Enterprise Value £8.47bn
Revenue £317.3m
Position in Universe 855th / 6827

BUZZ-Five9 Inc: Up as brokerages raise PTs after strong Q4 results, upbeat forecast

Tue 23rd February, 2021 12:36pm
** Shares of cloud software provider  FIVN.O  up 6.2% at
$177.19 premarket
    ** At least 8 brokerages raise PTs on stock after co on
Monday beats Q4 revenue and also forecasts Q1 and FY21 sales
above estimates  urn:newsml:reuters.com:*:nASA01RSN
    ** Brokerage J.P. Morgan, which raises PT to $209 from $170,
says shift to cloud-based omni-channel solution has led to
continued upside in growth for FIVN
    ** Looking ahead, we do see opportunities for FIVN to add
additional AI-driven chat bot capabilities that can help sustain
revenue growth - J.P. Morgan
    ** "Five9 remains our top-pick given the market pipeline,
accelerating lead-metrics, and ability to sustain hyper-growth
status," says Piper Sandler; hikes PT to $212 from $206
    ** Truist Securities says co's joint sales activity
associated with Microsoft Teams, Zoom and Salesforce represent
attractive upside drivers in 2021 and 2022
    ** Avg. rating of 19 analysts is "buy"; median PT is $200 -
Refinitiv data
    ** Up to Monday's close, stock had risen ~128% in last 12
months

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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