Wells Fargo & Company Lowers Five9 (NASDAQ:FIVN) Price Target to $90.00

Five9 NASDAQFIVN is a software company that provides cloud-based contact center solutions to businesses worldwide. The company's products and services include call recording, speech analytics, workforce management, and customer engagement solutions.

Wells Fargo & Company is a multinational financial services company headquartered in San Francisco, California. The company operates through several segments, including community banking, corporate and investment banking, and wealth management.

In a report released on Thursday, Wells Fargo & Company lowered its target price for Five9 NASDAQFIVN from $100.00 to $90.00. This means that the brokerage firm now believes that the stock is undervalued and has the potential for further growth.

Wells Fargo & Company currently has an "overweight" rating on Five9 NASDAQFIVN, which indicates that the brokerage firm believes that the stock will outperform its peers in the market. The company's price objective suggests a potential upside of 40.63%, meaning that if the stock price rises by this percentage, it would reach $130.63 per share.

It is important to note that research analysts at Wells Fargo & Company are not infallible and their opinions may change over time based on new information or market conditions. Additionally, past performance is not a guarantee of future results, and investors should always conduct their own due diligence before making any investment decisions.