Needham analyst Scott Berg has maintained their bullish stance on FIVN stock, giving a Buy rating today.
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Scott Berg has given his Buy rating due to a combination of factors influencing Five9’s performance. The company reported a third quarter that was largely in line with expectations, despite some challenges in its commercial segment. A notable highlight is the strong performance in Enterprise sales, with AI bookings making up a significant portion and showing a substantial year-over-year increase.
Additionally, the demand for Contact Center solutions appears to have stabilized, and the management’s guidance for fiscal year 2026 suggests a potential acceleration in revenue growth in the latter half of the year. The introduction of a $150 million share buyback plan further indicates confidence in future demand and free cash flow expectations. If these projections hold true, Five9 could see a return to double-digit revenue growth, supporting the Buy rating.
Berg covers the Technology sector, focusing on stocks such as Monday.com, Zeta Global Holdings Corp, and Workday. According to TipRanks, Berg has an average return of -3.7% and a 40.24% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $29.00 price target.