KeyBanc analyst Thomas Blakey raised the firm’s price target on Five9 to $104 from $81 and keeps an Overweight rating on the shares. Five9 should report results and guidance in line with prior guidance, with upside potential in 2H23 as mega deals ramp, closing of recent uptick in deals tied to CCaaS migrations from incumbents, and AI-driven RFPs, the analyst tells investors in a research note.
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