Needham & Company Says Five9 (FIVN) is Well Positioned; Reiterates Buy

Needham & Company reiterated a Buy rating and $11.00 price target on Five9, Inc (NASDAQ: FIVN) after traveling with management. Needham believes that the company looks well positioned to deliver accelerated revenue growth and improving profitability metrics.

Analyst Michael Huang commented, "We had the opportunity to travel with Five9's CEO and CFO, with our biggest takeaway being that the company looks well positioned to deliver accelerated revenue growth and improving profitability metrics (management appears to be very confident about FCF and EBITDA breakeven in 3Q16)—a scenario that is not yet baked into valuations in our view."

For an analyst ratings summary and ratings history on Five9, Inc click here. For more ratings news on Five9, Inc click here.

Shares of Five9, Inc closed at $6.37 yesterday.

You May Also Be Interested In

• Five9, Inc (FIVN) PT Lowered to $75 at Canaccord Genuity
• Day One Biopharmaceuticals (DAWN) PT Raised to $33 at Needham
• Equifax (EFX) PT Lowered to $263 at Citi