Five9, Inc. (FIVN) Gets Initiated With an Equal Weight Rating at Morgan Stanley

Five9, Inc. (NASDAQ:FIVN) is one of the most undervalued small cap stocks to invest in now. Five9, Inc. (NASDAQ:FIVN) was initiated with an Equal Weight rating and a $30 price target by Morgan Stanley analyst Elizabeth Porter on October 21.

The rating update came as a preview for the communication software group, and the firm told investors that while the Q3 checks came out generally stable overall, they were moderated relative to the sequential improvement of fiscal Q2.

Morgan Stanley further stated that expectations are low across the group, and it does not see a meaningful shift in investor perception with potential upside in results.

Five9, Inc. (NASDAQ:FIVN) was also initiated with an Equal Weight rating and a $28 price target at Wells Fargo on September 30, with the firm telling investors that it sees a balance risk/reward at the current share levels. While the firm believes that Five9, Inc. (NASDAQ:FIVN) is seeing improved bookings and early AI traction, it sees a tougher environment going forward.

Five9, Inc. (NASDAQ:FIVN) provides cloud software for contact centers, specializing in omnichannel routing, workforce organization, analytics, and reporting.

While we acknowledge the potential of FIVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.