Research Alert: CFRA Maintains Buy Opinion On Shares Of Five9, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $2 to $27, applying an EV/revenue multiple of 1.7x to our 2026 estimate, a slight premium to peers. We increase our 2026 EPS estimate by $0.06 to $3.25 and 2027's by $0.13 to $3.77. FIVN achieved its second consecutive quarter of accelerating Y/Y subscription revenue growth, strengthening the core business. Customers are increasingly adopting FIVN's AI solutions as integrated parts of the customer experience platform, resulting in multiple quarters of strong AI revenue growth. AI revenue grew 68% Y/Y and now constitutes a larger portion of total subscription revenue than in previous quarters. There is growing traction for FIVN's transition to a fixed revenue model, with customers committing to revenue numbers, providing predictability for both the company and its clients. This trend supports FIVN's strategy as AI solutions replace traditional seat-based models.
