This Analyst Thinks Five9 Stock Can Gain 165% in 2026

Northland Capital has set a bullish price target of $47 for Five9 stock, implying a potential upside of approximately 165% by 2026. This optimistic outlook is grounded in Five9’s strong earnings performance and rapid growth in its enterprise AI bookings. In the company’s recent Q4 2025 earnings report, Five9 revealed that its subscription revenue, which now accounts for 82% of total revenue, accelerated with a 12% year-over-year increase, largely driven by enterprise AI revenue. The company’s enterprise AI annual recurring revenue (ARR) surpassed $100 million and grew by roughly 50% year over year during the quarter. This surge in AI-related revenue is a pivotal factor in the firm’s expected growth trajectory. Five9 also outlined a revenue target of $1.254 billion for 2026, reflecting confidence in its AI-driven business model and product offerings.

The strong momentum in AI bookings demonstrates how Five9 is leveraging artificial intelligence to enhance its cloud contact center solutions, improving customer engagement and operational efficiency for clients. This focus on AI is creating significant investor enthusiasm, with analysts viewing the company as well-positioned to capitalize on the expanding AI market within the enterprise software sector. Northland Capital’s forecast reflects this strategic advantage, suggesting that Five9 could deliver substantial shareholder returns if it continues executing on its AI-led growth initiatives.