Five9 price target raised to $95 from $90 at Wells Fargo

Wells Fargo raised the firm’s price target on Five9 to $95 from $90 and keeps an Overweight rating on the shares. The firm notes Q2 results/guide were lighter than normal, with management only marginally raising its FY expects. Despite this, continued evidence of upmarket momentum is building, with RPO now surpassing $1B, Wells adds.