Five9 price target raised to $90 from $80 at Roth MKM

Roth MKM analyst Richard Baldry raised the firm’s price target on Five9 to $90 from $80 and keeps a Buy rating on the shares. The company’s Q2 results topped expectations on top and bottom lines with strong new large enterprise momentum offsetting the softening in its Consumer vertical, the analyst tells investors in a research note.