12 Most Undervalued Small Cap Stocks to Invest In Now

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2. Five9, Inc. (NASDAQ:FIVN)

Market Cap: $1.83 billion

Forward P/E: 8.16

Number of Hedge Fund Holders: 40

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.

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