Five9 Upgraded to Buy at Deutsche Bank
<p>Deutsche Bank analysts revised their position on the software company <a href='https://financialmodelingprep.com/financial-summary/FIVN'>Five9 (NASDAQ:FIVN)</a> 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.</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>

NASDAQ:FIVN