Five9 price target lowered to $33 from $60 at Barclays

Barclays lowered the firm’s price target on Five9 (FIVN) to $33 from $60 and keeps an Overweight rating on the shares. The company Five9 reported a “normal” quarter with a typical 3% beat to revenue and much better performance on profitability, the analyst tells investors in a research note. The firm says that with the volatile macro backdrop and current low valuation levels, this is a solid outcome.