UPDATE: Jefferies Starts Five9, Inc (FIVN) at Buy

March 1, 2021 2:44 AM EST
Get Alerts FIVN Hot Sheet
Price: $183.07 -0.91%

Rating Summary:
    18 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 5 | New: 41
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(Updated - March 1, 2021 7:44 AM EST)

Jefferies analyst Samad Samana initiates coverage on Five9, Inc (NASDAQ: FIVN) with a Buy rating and a price target of $220.00.

The analyst commented, "FIVN's leadership in CCaaS positions it well to deliver durable >20% growth for the next several years. We expect share gains in a $24B+ TAM, upmarket success, and product portfolio expansion to power this growth. While COVID boosted FIVN's growth in 2020(+33%), we see even better days on the horizon as enterprises are forced to modernize. Shares are not cheap at 21X EV/2022 rev, but we believe the premium valuation is justified. Initiate Buy, $220 PT."

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 $185.24 yesterday.

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