Five9 targets $40 at FBN Securities, fueled by 78% AI growth

FBN Securities initiated coverage on Five9, Inc. (NASDAQ: FIVN) on September 16, 2026. The firm issued an Outperform rating with a price target of $40.00. The stock traded at $33.02 at the time of the report.

Analysts identified Five9 as a leading voice-led enterprise customer-experience platform. AI revenue now accounts for approximately 15% of the company's subscription revenue. This segment is currently scaling at a 78% year-over-year growth rate.

Five9 shares have surged approximately 110% over the past six months. FBN Securities joins Rosenblatt, Truist Securities, and DA Davidson in providing a positive outlook. These firms cited rapid AI expansion and significant new contract wins as primary growth drivers.