Jim Cramer Says You Should Buy These 5 Stocks

In this article, we discuss the 5 stocks that Jim Cramer says you should buy. If you want to read about some more stocks that Jim Cramer says you should buy, go directly to Jim Cramer Says You Should Buy These 10 Stocks. 

5. Five9, Inc. (NASDAQ:FIVN)

Number of Hedge Fund Holders: 56 

Five9, Inc. (NASDAQ:FIVN) provides cloud software solutions. Jim Cramer gave the stock a Buy recommendation during the Guest Interview segment of his show on May 2. During the segment, Cramer discussed the potential of the stock in the artificial intelligence and virtual assistant space as traditional telephones became outdated and were replaced by modern virtual assistants. Five9 has already partnered with big tech players like Microsoft and Google in this regard to differentiate their products from the competition. 

On April 29, Piper Sandler analyst James Fish kept an Overweight rating on Five9, Inc. (NASDAQ:FIVN) stock and raised the price target to $169 from $163, noting the firm was a “franchise name to own with results providing further evidence of this”. 

At the end of the fourth quarter of 2021, 56 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in Five9, Inc. (NASDAQ:FIVN), compared to 76 in the preceding quarter worth $3.5 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Five9, Inc. (NASDAQ:FIVN) was one of them. Here is what the fund said:

“Five9, Inc. (NASDAQ:FIVN) is a cloud-based contact center as a service software provider that is replacing aging on-premise legacy solutions that dominate the installed base. Companies are being forced to modernize and cloud penetration is still low; Five9, Inc. (NASDAQ:FIVN) is positioned to benefit and should see further growth driven by its cross-selling add-on modules and an AI product that generates high revenue.”