Five9 price target raised to $24 from $22 at Cantor Fitzgerald

Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on Five9 (FIVN) to $24 from $22 and keeps an Overweight rating on the shares. Five9 delivered a strong Q1 beat with accelerating subscription and AI-driven revenue growth, materially higher margins, and improved free cash flow, while raising full-year guidance and reinforcing confidence in a second-half growth reacceleration supported by stabilization in retention and backlog conversion, alongside increased capital return signaling management confidence, the analyst tells investors in a research note.