Five9 price target raised to $46 from $35 at Piper Sandler

Piper Sandler raised the firm’s price target on Five9 (FIVN) to $46 from $35 and keeps an Overweight rating on the shares after Five9 was up over 20% after Q3 results. The firm noted that Five9 was up following a reacceleration across most lead metrics that gives credibility to the FY25 guide that came in “better than feared” and implies stabilization. Piper added that it still sees strategic options and catalysts ahead for Five9.