Mizuho Raises Five9 Target to $32

Mizuho increased Five9’s price target to $32 from $28, keeping an Outperform rating as stock rose 34% to $22.24.
Five9 reported Q1 2026 revenue of $305.3 million (vs $299.9 million estimate) and EPS $0.76, beating forecasts and showing 13% subscription growth.
New CEO Amit Mathradas led an organizational revamp and highlighted AI‑driven bookings, with AI revenue up 82% YoY, supporting higher guidance.
Other analysts raised targets: Jefferies $21, DA Davidson $22, Cantor $24, Needham $40, reflecting optimism on AI and margins.