Morgan Stanley raised the firm's price target on Five9 (FIVN) to $46 from $40 and keeps an Equal Weight rating on the shares. Communication software had "disappointing performance for much of 2024," but a second half rotation and focus on reacceleration potential helped some names, such as Twilio (TWLO), the analyst wrote in a 2025 outlook note for the group. Entering 2025, the space has broadened portfolios, but the firm argues that it will be the names with "accelerating growth stories or extreme FCF support that we think will find outperformance," the analyst tells investors.