Reported about 19 hours ago
Piper Sandler has reduced its price target for Five9, Inc. (NASDAQ:FIVN) from $36 to $31, while maintaining an Overweight rating. This adjustment follows underwhelming field checks that indicated a slowdown in bookings activity within the contact center service market. Despite these concerns, Piper maintains confidence in Five9's long-term prospects due to its cloud-native architecture and product development in AI. Although shares have faced challenges this past year, there could be potential for value for long-term investors if the company can stabilize its performance.
Source: YAHOO