Piper Sandler analyst James Fish lowered the firm’s price target on Five9 (FIVN) to $26 from $31 and keeps an Overweight rating on the shares following quarterly results. The firm notes the company had a weaker print than normal, reflecting its checks over the last few quarters being weak. Piper expects competitive concerns to arise within commercial.
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Read More on FIVN:
- Five9 price target lowered to $29 from $33 at Barclays
- Strong Enterprise AI Performance and Attractive Valuation Drive Buy Rating for Five9
- Five9 Inc. Reports Record Q3 Revenue and Strong AI Growth
- Five9 Announces Record Revenue and Share Buyback
- Five9 reports Q3 adjusted EPS 78c, consensus 73c
