Five9, Inc. (NASDAQ:FIVN) is a technology company offering cloud software solutions for contact centers. On December 18, Needham reiterated a “Buy” rating with a $40.00 price target after appointing Amit Mathradas as the new CEO. Mathradas will assume duties on February 2, 2026, with plans for an investor day in 2026.

Needham analyst Scott Berg sees the appointment as positive, citing Mathradas’ experience in scaling enterprise software businesses and driving AI-led product innovation. Five9 did not provide updated financial guidance, anticipating an investor day in 2026 to detail their strategy and long-term financial outlook.

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Read more at Yahoo Finance: Needham Reaffirms Buy on Five9 (FIVN) Following Leadership Transition