Truist Securities raised its price target for Five9, Inc. to $40 from $35. The firm maintained its Buy rating on the stock.
Analysts cited increased confidence in fundamental trends following a meeting with senior management. The company is pursuing a strategy to become a humantic interaction layer by combining human agents with AI.
Truist described the current risk-reward profile as favorable. The firm noted that shares trade at deep value levels based on 2027 projections.
Separately, Jefferies Financial Group initiated a new position in Five9 during the second quarter. A recent 13F filing shows Jefferies purchased 40,408 shares.