It also raised its price target to $80 from $75, implying 20.4% upside from where shares closed Wednesday. "Simply put, we believe momentum from recent bookings strength is likely to re-accelerate revenue growth, with current valuation that is roughly half of year ago levels ," analyst Matt Niknam said.
mountain FIVN — CNBC's Michael Bloom contributed to this report.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: