Five9, Inc (FIVN) PT Raised to $205 at Rosenblatt Into EPS

Rosenblatt analyst Ryan Koontz raised the price target on Five9, Inc (NASDAQ: FIVN) to $205.00 (from $180.00) while maintaining a Buy rating.

The analyst commented, "We expect FIVN (reporting 2/22 AMC) to exceed conservative consensus 4Q20 estimates and likely guide above conservative 1Q21 estimates. We remain bullish on the company's near- and long-term prospects, driven by maturing enterprise channels. We slightly increase our 4Q20 revenue estimates and maintain our BUY rating. With FIVN stock trading inline with the S&P over the past quarter, (+14%) we raise our PT from $180 to $205."

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