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Benzinga
Benzinga
Business
Anusuya Lahiri

Five9 Stock Gains As Jefferies Turns Bullish Denoting Good Entry Point

  • Jefferies analyst Samad Samana upgraded Five9 Inc (NASDAQ:FIVN) to Buy from Hold with an unchanged price target of $180, suggesting an upside of 32%.
  • He liked the stock before Zoom Video Communications Inc (NASDAQ:ZM) and liked Five9's long-term prospects after the deal broke but has stayed on the sidelines as the dust settled. 
  • Related Content: Zoom's $14.7B Deal To Acquire Five9 Falls Through
  • With the stock "well off highs," Samana sees a good entry point, he tells investors.
  • Five9 is a provider of intelligent cloud software for contact centers. 
  • Price Action: FIVN shares traded higher by 2.35% at $136.35 on the last check Thursday.
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