Five9 price target raised to $35 from $30 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on Five9 (FIVN) to $35 from $30 and keeps an Outperform rating on the shares. The company reported a solid quarter, driven by strong subscription revenue and lower churn, while the management’s revenue guidance is seen as conservative, the analyst tells investors in a research note.