Five9 price target lowered to $36 from $58 at Rosenblatt

Rosenblatt lowered the firm’s price target on Five9 (FIVN) to $36 from $58 and keeps a Buy rating on the shares. The firm is reducing its price target due to lower revenue projections for FY25 and FY26, reflecting ongoing macro uncertainty and the impact from tariffs on valuations. Based on the recent workforce reduction announcement of 4%, the firm has tweaked its operating margin and pro forma EPS forecast for FY25 ahead of the company reporting Q1 results on Thursday, May 1.