DA Davidson cuts Five9 stock price target on acquisition concerns

Investing.com · 2026-11-06 13:26 UTC

DA Davidson cuts Five9 stock price target on acquisition concerns

Investing.com - DA Davidson lowered its price target on Five9, Inc (NASDAQ:FIVN) to $30.00 from $33.00 while maintaining a Neutral rating on the stock.

The software company delivered third-quarter results highlighted by continued AI revenue acceleration to 91% year-over-year. Five9 announced a $325 million acquisition of Level AI during the quarter. The stock has surged 59% over the past year and 56% in the last six months, currently trading at $34.14—above DA Davidson’s new $30 target.

DA Davidson acknowledged the strategic rationale behind the deal and potential cross-selling benefits. The research firm expressed measured expectations on the potential return on investment given the purchase price.

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