Five9 price target raised to $50 from $45 at Rosenblatt

Rosenblatt raised the firm’s price target on Five9 (FIVN) to $50 from $45 and keeps a Buy rating on the shares. The company reported “impressive” Q3 results, exceeding expectations with 15% revenue growth driven by its accelerating momentum in artificial intelligence-powered customer experience solutions, the analyst tells investors in a research note.