Cantor Fitzgerald lowered the firm's price target on Five9 to $26 from $32 and keeps an Overweight rating on the shares. Five9 reported a modest Q4 revenue beat with stronger-than-expected margins and free cash flow at 22% of revenue, supported by record enterprise AI bookings that more than doubled year over year, the analyst tells investors in a research note. Growth continues to be driven by platform sales combining human-in-the-loop and fully automated AI customer experience, contributing to a highly visible backlog and supporting continued double-digit subscription revenue growth guidance for 2026, Cantor says.
