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Evercore ISI Downgrades Five9 to In-Line, Keeps Price Target at $24

The $24.00 target is the lowest among the 16 firms that rated Five9 in the past year, according to our coverage records.

By Zintick Team · Editor: Kratik Mehta
Published

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Key points

  • Evercore ISI downgraded Five9 to in-line from outperform, keeping its $24.00 target
  • Five9 closed at $34.14 on Nov. 5, down 2.9% over the prior 20 sessions
  • 11 of 16 covering firms rated Five9 positive before Friday; median target $35.50
  • 2025 revenue was $1.15 billion, up 10%; market cap about $2.57 billion

Evercore ISI downgraded Five9, Inc. (Nasdaq: FIVN) to in-line from outperform before the open on Friday, Nov. 6, and kept its price target at $24.00.

The move came one day after Five9 filed an 8-K with the Securities and Exchange Commission describing an agreement to acquire Level AI. The downgrade did not come with a change to the target.

Five9 closed at $34.14 on Thursday, Nov. 5. Over the 20 sessions to that close, the stock fell 2.9%.

Where coverage stands

Of the 16 firms that rated Five9 in the past year, 11 rated it positive and five neutral before Friday, with none negative. The median price target across those firms was $35.50, with targets ranging from $24.00 to $48.00. Evercore's $24.00 target sits at the bottom of that range.

Company scale

Five9 reported revenue of $1.15 billion for 2025, up 10% from the prior year, and net income of $39.4 million. Before the filing, its market capitalization was about $2.57 billion.

Sources

Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Five9 page.