12 AI Stocks Making Waves on Wall Street

10. Five9, Inc. (NASDAQ:FIVN)

Number of Hedge Fund Holders: 29

Five9, Inc. (NASDAQ:FIVN) is one of the 12 AI Stocks Making Waves on Wall Street. On December 22, Needham maintained its Buy rating on the stock, keeping its price target at $40.00.

Firm analysts remain confident on FIVN following contact center as a service (CCaaS) specialist consultations, noting that AI demand will sustain long-term growth.

“We connected with two CCaaS experts including the CRO at a firm specializing in BPO & CCaaS solutions and a Senior Account Executive at a pure-play Contact Center conversational & Agentic AI platform who both painted a positive yet mixed view on FIVN.”

Discussions have revealed that migration from on-premises solutions to cloud platforms remains a meaningful long-term opportunity for the company, particularly among large enterprises with complex legacy systems.

The firm’s research contradicts the bearish views surrounding Five9’s technology, which is why it has deemed the concerns as overblown. On the contrary, it believes that the company’s integration capabilities are a competitive advantage in the market.

AI adoption continues to remain a focus in the industry, even though customer confusion regarding pricing and deployment has been extending sales cycles for vendors such as Five9.

“Experts characterized core CCaaS functionality as largely parity across top vendors suggesting recent Bear concerns around Five9’s technology as outdated are largely noise with FIVN’s integration capabilities a plus. AI adoption remains a focus, but customer confusion around pricing & deployment is extending sales cycles but ultimately driving more dollars to CC vendors as customers seek to reduce complexity keeping AI tied to CC platforms.”

Five9, Inc. (NASDAQ:FIVN) is a technology company that offers cloud software solutions for contact centers.