Canaccord Genuity Upgrades Five9, Inc (FIVN) to Buy

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Several Analysts Upgrade Five9 (FIVN) Stock After Zoom (ZM) Merger Termination, Which Yielded 'Fresh Buying Opportunity'

October 1, 2021 10:57 AM EDT

After Zoom Video Communications (NASDAQ: ZM) and Five9 (NASDAQ: FIVN) announced yesterday they are mutually terminating their merger agreement, at least 6 Wall Street analysts moved to upgrade shares to Buy or equivalent.

These upgrades came after Piper Sandler and Needham upgraded the Five9 stock in September.

Canaccord Genuity analyst upgraded shares to Buy and left the $200.00 per share price target unchanged. The analyst said that the failure... More

Zoom's stock drop likely nixed Five9 deal, say analysts

October 1, 2021 6:58 AM EDT

By Aniruddha Ghosh

(Reuters) - A slump in Zoom Video Communications Inc's share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 and led to the deal's collapse, Wall Street analysts said on Friday.

Five9 shareholders on Thursday voted down the sale to Zoom, denting the company's efforts to diversify its offerings as growth slows in its virtual conferencing business after a boom during the pandemic.

While some analysts expected Zoom to raise its offer to address Five9 shareholder worries about the price, others... More

Evercore ISI Upgrades Five9, Inc (FIVN) to Outperform

October 1, 2021 6:13 AM EDT

Evercore ISI analyst Peter Levine upgraded Five9, Inc (NASDAQ: FIVN) from In Line to Outperform.


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 $159.74 yesterday.

... More

Street Analysts Weigh In on What's Next for Zoom (ZM) and Five9 (FIVN) After Terminating Merger

October 1, 2021 4:45 AM EDT

Zoom Video Communications (NASDAQ: ZM) and Five9 (NASDAQ: FIVN) have announced yesterday they are mutually terminating the previously announced merger agreement.

The Five9 management failed to obtain approval from shareholders at the meeting held yesterday. As a result, Zoom and Five9 each had the ability to terminate the merger agreement.

While we were excited about the benefits this transaction would bring to both Zoom and Five9 stakeholders, including the long-term potential for both sets of shareholders, financial discipline is... More

Wells Fargo Upgrades Five9, Inc (FIVN) to Overweight

October 1, 2021 4:25 AM EDT

Wells Fargo analyst Michael Turrin upgraded Five9, Inc (NASDAQ: FIVN) from Equal Weight to Overweight with a price target of $200.00.


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 $159.74 yesterday.

... More

Barclays Upgrades Five9, Inc (FIVN) to Overweight

October 1, 2021 4:15 AM EDT

Barclays analyst Raimo Lenschow upgraded Five9, Inc (NASDAQ: FIVN) from Equalweight to Overweight with a price target of $206.00.


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 $159.74 yesterday.

... More

Zoom (ZM), Five9 (FIVN) Terminate Merger

September 30, 2021 7:25 PM EDT

Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that Zoom and Five9 (NASDAQ: FIVN) have mutually terminated the merger agreement executed by the parties on July 16, 2021.

At Five9s special meeting of stockholders held on September 30, 2021, Five9 did not obtain the requisite stockholder support for... More