Five9, Inc. (NASDAQ:FIVN) is one of the AI Stocks on the Market’s Radar. On December 18, Needham reiterated a “Buy” rating on the stock with a $40.00 price target. The rating affirmation follows Five9’s appointment of a new CEO, which the firm views as largely positive for scaling and AI product momentum.
On Wednesday, December 17, Five9 announced the appointment of Amit Mathradas as the company’s next CEO, succeeding long-time CEO Mike Burkland. Mathradas will assume duties as CEO effective February 2, 2026.
Five9 didn’t provide any updated financial guidance along with this announcement, citing the recency of its earnings report. However, the firm noted that it plans on hosting an investor day in 2026 that will provide details on the company’s strategy and long-term financial outlook.
Needham analyst Scott Berg views the appointment as largely positive, citing their previous experience working with Mathradas.
“We have experience working with Mr. Mathradas during his tenure with Avalara and view the appointment as positive, given Mr. Mathradas’ experience scaling enterprise software businesses & driving AI-led product innovation.”
Five9, Inc. (NASDAQ:FIVN) is a technology company that offers cloud software solutions for contact centers.
While we acknowledge the potential of FIVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Trending AI Stocks on Wall Street and 10 Buzzing AI Stocks on Wall Street.
Disclosure: None.
