Five9 price target raised to $48 from $46 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Five9 (FIVN) to $48 from $46 and keeps an Equal Weight rating on the shares. Q4 results came in ahead of expectation on the top and bottom line, representing the largest revenue beat since Q1 of FY23, the analyst tells investors. While this positions the company well to outperform Street estimates in 2025, the firm would like to gain more confidence in large deal contributions to gain more confidence in further multiple expansion, the analyst added.