BUZZ-Five9 falls as Piper Sandler downgrades to 'neutral'

Reuters
01/05
BUZZ-Five9 falls as Piper Sandler downgrades to 'neutral'

** Shares of call-center software firm FIVN.O fall 1.22% to $18.58 in premarket trading

** Piper Sandler downgrades stock to "neutral" from "overweight" rating

** Brokerage highlights concerns about AI disrupting traditional seat-based pricing models and will weigh on the business

** CCaaS (contact center as a service) conversions are still happening but taking longer - brokerage

** Piper Sandler cuts target price to $21 from $26, representing an 11% upside to the stock's last close of $18.81

** "A new CEO has taken over, but the best path medium-term would be likely to go private at this stage" - Piper Sandler

** Last year in December co appointed Amit Mathradas as new CEO

** 16 of 22 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $35 - data compiled by LSEG

** Up to previous close, stock down ~54% over the past 1 year

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10