Five9, Inc (FIVN) PT Raised to $40 at Truist Securities

Truist Securities analyst Terry Tillman raised the price target on Five9, Inc (NASDAQ: FIVN) to $40.00 (from $35.00) while maintaining a Buy rating.

The analyst commented: "Meeting With Mgmt; Striving to Be Humantic Interaction Layer, Combing Humans and Agents; We met with members of Five9’s senior leadership this week, including CEO Amit Mathradas, CFO Bryan Lee and SVP Investor Relations Tony Righetti. We have recapped what were an extensive number of topics discussed. We are incrementally confident positive fundamental trends can persist and thus raising PT to $40 from $35. Risk/reward remains favorabe, in our opinion, with shares remaining at deep value levels of 1.9x EV/sales and 12.2x EV/FCF on ’27 estimates."

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