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Five9 price target lowered to $26 from $31 at Piper Sandler

Piper Sandler analyst James Fish lowered the firm’s price target on Five9 (FIVN) to $26 from $31 and keeps an Overweight rating on the shares following quarterly results. The firm notes the company had a weaker print than normal, reflecting its checks over the last few quarters being weak. Piper expects competitive concerns to arise within commercial.

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