Five9 price target raised to $100 from $85 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Five9 to $100 from $85 and keeps a Buy rating on the shares. The company’s Q4 results were "solid", with upside on revenue, profitability and cash flow, along with strong international expansion, numerous multi-million dollar annual recurring revenue lands, and record pipeline, the analyst tells investors in a research note. Five9 is still seeing continued macro impact on installed base sales and commercial business, but its long-term growth drivers are "firmly intact", the firm added.