Cantor Fitzgerald lowered the firm’s price target on Five9 (FIVN) to $32 from $36 and keeps an Overweight rating on the shares. Cantor continues to view Five9 as a beneficiary of AI-driven customer experience growth trends and applauds the company for recent efforts to restructure the firm more inline with 10%-15% long-term growth trends and supporting a Rule of 40+ business model, the analyst tells investors in a research note.
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Read More on FIVN:
- Five9 price target lowered to $24 from $30 at Baird
- Five9’s Strong Enterprise Sales and AI Bookings Drive Buy Rating Amidst Stabilized Demand and Share Buyback Plan
- Five9 price target lowered to $26 from $31 at Piper Sandler
- Five9 price target lowered to $29 from $33 at Barclays
- Strong Enterprise AI Performance and Attractive Valuation Drive Buy Rating for Five9