Morgan Stanley Maintains Equal-Weight Rating for Five9: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Five9 FIVN and lower its price target from $75.00 to $55.00.

Shares of Five9 are trading up 15.06% over the last 24 hours, at $54.08 per share.

A move to $55.00 would account for a 1.7% increase from the current share price.

About Five9

Five9 provides cloud-native contact center software that enables digital customer service, sales, and marketing engagement. The company's Virtual Contact Center platform combines core telephony functionality, omnichannel engagement capabilities, and various software modules into a unified cloud contact-center-as-a-service, or CCaaS, platform. Five9's artificial intelligence and automation portfolio supplements and enhances the firm's core CCaaS offerings, including solutions for digital self-service, agent assist technology, and workflow automation. Five9 also offers workforce optimization products that optimize call center efficiency through workforce management solutions, manage interaction quality, and track agent performance.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.