FIVN Similar Chart Price Prediction
The price of FIVN is predicted to go up 11.11%, based on the high correlation periods with MSB. The similarity of these two price pattern on the periods is 95.14%.
FIVN
MSB
Up: 11.11%Similarity: 95.14%
FIVN Revenue Forecast
FIVN EPS Forecast
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FIVN VS S&P500
As with CCaaS peers, Five9 is well placed to benefit from the massive contact center cloud transition opportunity, with only about 20% of global contact center agents having moved to the cloud as of 2023.
Five9 is executing well on a land-and-expand strategy, with healthy dollar based net retention above 110% in recent years.
We expect Five9 to leverage recent investments in AI and automation to attract new clients and drive higher average revenue per seat.
FIVN Analyst's Forecast
Michael Turrin
Wells Fargo
Buy → Hold
2024-11-12
Price Target
$55 → $40
Upside
+1.86%
As previously reported, Wells Fargo downgraded Five9 to Equal Weight from Overweight with a price target of $40, down from $55. The firm sees smaller vendors, point solutions, and those leaning on contact center as a key growth vector as those most at-risk. Overarching theme impacting this category is intensifying competition from many angles, especially as agents drive more overlap with large incumbents, Wells adds. While Five9's IVA is touted as an offset, its tech lags GenAI/agents and traction beyond voice is sparse to date, the firm argues.
William Power
Baird
Hold
2024-11-11
Price Target
$40 → $43
Upside
+8.39%
James Fish
Piper Sandler
Buy
2024-11-08
Price Target
$35 → $46
Upside
+24.93%
