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HomeBusinessFive9 Upgraded to Buy at Deutsche Bank

Five9 Upgraded to Buy at Deutsche Bank

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Deutsche Bank analysts revised their position on the software company Five9 (NASDAQ:FIVN) in a note issued on Thursday. The firm has upgraded its rating from Hold to Buy and increased the price target for Five9’s shares from $75 to $80 per share. This adjustment suggests a potential 20% upside for the stock.
The analysts explained that the recent strength in bookings is expected to reinvigorate the company’s revenue growth, and the current valuation is roughly half of what it was a year ago.
Earlier in the week, Canaccord analysts also expressed a positive view on Five9, stating that the stock appears undervalued and is a high-conviction buy in a market that is increasingly embracing AI.
While Deutsche Bank acknowledges certain risks and bearish arguments, including potential short-term macroeconomic challenges and concerns related to AI and automation, it believes that the recent share price pullback creates a more attractive risk-reward profile for investors.

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