New CEO appointment sets stage for Five9’s next chapter, says Mizuho

Mizuho analyst Siti Panigrahi notes that Five9 (FIVN) has announced the appointment of Amit Mathradas as the company’s next CEO effective February 2, 2026, succeeding long-time CEO Mike Burkland. Relative to the company’s stated objectives for the CEO search, particularly around experience in product innovation, AI expertise and execution at scale, the firm believes Five9 executed well and in a timely manner, following a thorough search process that evaluated numerous candidates. Five9 also announced plans to hold an investor day in 2026 to provide greater detail on its strategy and long-term financial outlook, allowing the new executive team members to help shape the company’s direction and priorities, Mizuho adds. The firm has an Outperform rating and a price target of $35 on the shares.