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   <title>Five9, Inc (FIVN) PT Raised to $40 at Truist Securities</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2440+at+Truist+Securities/27000628.html</link>
   <description>(Updated - August 31, 2026 9:04 AM EDT)

&lt;p&gt;Truist Securities analyst Terry Tillman raised the price target on Five9, Inc (NASDAQ: FIVN) to $40.00 (from $35.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;Meeting With Mgmt; Striving to Be Humantic Interaction Layer, Combing Humans and Agents; We met with members of Five9’s senior leadership this week, including CEO Amit Mathradas, CFO Bryan Lee and SVP Investor Relations Tony Righetti. We have recapped what were an extensive number of topics discussed. We are incrementally confident positive fundamental trends can persist and thus raising PT to $40 from $35. Risk/reward remains favorabe, in</description>
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   <pubDate>Mon, 31 Aug 2026 09:04:05 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Five9, Inc (FIVN) PT Raised to $40 at Truist Securities</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2440+at+Truist+Securities/27000628.html</link>
   <description>(Updated - August 31, 2026 9:04 AM EDT)

&lt;p&gt;Truist Securities analyst Terry Tillman raised the price target on Five9, Inc (NASDAQ: FIVN) to $40.00 (from $35.00) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst commented: &quot;Meeting With Mgmt; Striving to Be Humantic Interaction Layer, Combing Humans and Agents; We met with members of Five9’s senior leadership this week, including CEO Amit Mathradas, CFO Bryan Lee and SVP Investor Relations Tony Righetti. We have recapped what were an extensive number of topics discussed. We are incrementally confident positive fundamental trends can persist and thus raising PT to $40 from $35. Risk/reward remains favorabe, in</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Analyst+Comments/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2440+at+Truist+Securities/27000628.html</guid>
   <pubDate>Mon, 31 Aug 2026 09:04:05 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Form  144        Five9, Inc.                            Filed by: Dignan Andy</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++144++++++++Five9%2C+Inc.++++++++++++++++++++++++++++Filed+by%3A+Dignan+Andy/26998405.html</link>
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   <pubDate>Fri, 28 Aug 2026 16:27:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.00860499</category>
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   <title>Form  144        Five9, Inc.                            Filed by: Dignan Andy</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++144++++++++Five9%2C+Inc.++++++++++++++++++++++++++++Filed+by%3A+Dignan+Andy/26998405.html</link>
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   <pubDate>Fri, 28 Aug 2026 16:27:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.00860499</category>
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   <title>Five9 Named a Leader in the 2026 IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service Platforms</title>
   <link>http://www.streetinsider.com/Press+Releases/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
&lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2F&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=Five9&amp;amp;index=1&amp;amp;md5=2cb4860fc9e7260450b7d25c6d534ffb&quot; shape=&quot;rect&quot;&gt;Five9&lt;/a&gt; (NASDAQ: FIVN), provider of the Intelligent CX Platform, today announced that it has been named a Leader in the &lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2Fresources%2Freport%2Fidc-marketscape-2026&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+%28CCaaS%29+Platforms+2026+Vendor+Assessment&amp;amp;index=2&amp;amp;md5=d5e549761c30d5c9d503ebfaf59afe41&quot; shape=&quot;rect&quot;&gt;IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service (CCaaS) Platforms 2026 Vendor Assessment&lt;/a&gt; (#US54117326, August 2026).

&lt;/p&gt;&lt;p&gt;
&quot;We believe being named a Leader in this year's IDC MarketScape for agentic CCaaS platforms reflects the investments we've made in Humantic CX — our vision for AI and human agents working as one system, where AI absorbs the routine so people can focus on the complex, high-judgment moments only they can</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Press+Releases/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</guid>
   <pubDate>Wed, 26 Aug 2026 09:00:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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  <item>
   <title>Five9 Named a Leader in the 2026 IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service Platforms</title>
   <link>http://www.streetinsider.com/Press+Releases/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
&lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2F&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=Five9&amp;amp;index=1&amp;amp;md5=2cb4860fc9e7260450b7d25c6d534ffb&quot; shape=&quot;rect&quot;&gt;Five9&lt;/a&gt; (NASDAQ: FIVN), provider of the Intelligent CX Platform, today announced that it has been named a Leader in the &lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2Fresources%2Freport%2Fidc-marketscape-2026&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+%28CCaaS%29+Platforms+2026+Vendor+Assessment&amp;amp;index=2&amp;amp;md5=d5e549761c30d5c9d503ebfaf59afe41&quot; shape=&quot;rect&quot;&gt;IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service (CCaaS) Platforms 2026 Vendor Assessment&lt;/a&gt; (#US54117326, August 2026).

&lt;/p&gt;&lt;p&gt;
&quot;We believe being named a Leader in this year's IDC MarketScape for agentic CCaaS platforms reflects the investments we've made in Humantic CX — our vision for AI and human agents working as one system, where AI absorbs the routine so people can focus on the complex, high-judgment moments only they can</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Press+Releases/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</guid>
   <pubDate>Wed, 26 Aug 2026 09:00:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   	  </item>
  <item>
   <title>Five9 Named a Leader in the 2026 IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service Platforms</title>
   <link>http://www.streetinsider.com/Business+Wire/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
&lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2F&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=Five9&amp;amp;index=1&amp;amp;md5=2cb4860fc9e7260450b7d25c6d534ffb&quot; shape=&quot;rect&quot;&gt;Five9&lt;/a&gt; (NASDAQ: FIVN), provider of the Intelligent CX Platform, today announced that it has been named a Leader in the &lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2Fresources%2Freport%2Fidc-marketscape-2026&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+%28CCaaS%29+Platforms+2026+Vendor+Assessment&amp;amp;index=2&amp;amp;md5=d5e549761c30d5c9d503ebfaf59afe41&quot; shape=&quot;rect&quot;&gt;IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service (CCaaS) Platforms 2026 Vendor Assessment&lt;/a&gt; (#US54117326, August 2026).

&lt;/p&gt;&lt;p&gt;
&quot;We believe being named a Leader in this year's IDC MarketScape for agentic CCaaS platforms reflects the investments we've made in Humantic CX — our vision for AI and human agents working as one system, where AI absorbs the routine so people can focus on the complex, high-judgment moments only they can</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Business+Wire/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</guid>
   <pubDate>Wed, 26 Aug 2026 09:00:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.00860499</category>
   	  </item>
  <item>
   <title>Five9 Named a Leader in the 2026 IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service Platforms</title>
   <link>http://www.streetinsider.com/Business+Wire/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
&lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2F&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=Five9&amp;amp;index=1&amp;amp;md5=2cb4860fc9e7260450b7d25c6d534ffb&quot; shape=&quot;rect&quot;&gt;Five9&lt;/a&gt; (NASDAQ: FIVN), provider of the Intelligent CX Platform, today announced that it has been named a Leader in the &lt;a target=&quot;_blank&quot; rel=&quot;nofollow&quot; href=&quot;https://cts.businesswire.com/ct/CT?id=smartlink&amp;amp;url=http%3A%2F%2Fwww.five9.com%2Fresources%2Freport%2Fidc-marketscape-2026&amp;amp;esheet=54594586&amp;amp;newsitemid=20260826071884&amp;amp;lan=en-US&amp;amp;anchor=IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+%28CCaaS%29+Platforms+2026+Vendor+Assessment&amp;amp;index=2&amp;amp;md5=d5e549761c30d5c9d503ebfaf59afe41&quot; shape=&quot;rect&quot;&gt;IDC MarketScape: Worldwide Agentic Contact Center-as-a-Service (CCaaS) Platforms 2026 Vendor Assessment&lt;/a&gt; (#US54117326, August 2026).

&lt;/p&gt;&lt;p&gt;
&quot;We believe being named a Leader in this year's IDC MarketScape for agentic CCaaS platforms reflects the investments we've made in Humantic CX — our vision for AI and human agents working as one system, where AI absorbs the routine so people can focus on the complex, high-judgment moments only they can</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Business+Wire/Five9+Named+a+Leader+in+the+2026+IDC+MarketScape%3A+Worldwide+Agentic+Contact+Center-as-a-Service+Platforms/26978042.html</guid>
   <pubDate>Wed, 26 Aug 2026 09:00:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.00860499</category>
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   <title>Five9, Inc (FIVN) PT Raised to $32 at Wells Fargo</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2432+at+Wells+Fargo/26970453.html</link>
   <description>Wells Fargo analyst Ryan MacWilliams raised the price target on Five9, Inc (NASDAQ: FIVN) to $32.00  (from $24.00) while maintaining a Equal Weight rating.</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Analyst+PT+Change/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2432+at+Wells+Fargo/26970453.html</guid>
   <pubDate>Tue, 25 Aug 2026 06:23:21 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	  </item>
  <item>
   <title>Five9, Inc (FIVN) PT Raised to $39 at Canaccord</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2439+at+Canaccord/26963907.html</link>
   <description>Canaccord analyst David Hynes Jr. raised the price target on Five9, Inc (NASDAQ: FIVN) to $39.00  (from $33.00) while maintaining a Buy rating.</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Analyst+PT+Change/Five9%2C+Inc+%28FIVN%29+PT+Raised+to+%2439+at+Canaccord/26963907.html</guid>
   <pubDate>Mon, 24 Aug 2026 06:38:55 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)</title>
   <link>http://www.streetinsider.com/Press+Releases/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on August 13, 2026, the Company granted a restricted stock unit award (the “RSU”) covering 26,982 Shares to Sarah Bennett (the “Inducement Award”). The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Award, which was offered as a material inducement to Ms. Bennett entering into employment with the Company, as the Vice President, Revenue Strategy &amp;amp; Operations, effective as of July 20, 2026. The Inducement Award was granted under the Five9, Inc. 2026 Inducement</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Press+Releases/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</guid>
   <pubDate>Tue, 18 Aug 2026 16:15:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
   	   	<category domain="http://rss.financialcontent.com/stocksymbol">O.00860499</category>
   	  </item>
  <item>
   <title>Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)</title>
   <link>http://www.streetinsider.com/Press+Releases/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on August 13, 2026, the Company granted a restricted stock unit award (the “RSU”) covering 26,982 Shares to Sarah Bennett (the “Inducement Award”). The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Award, which was offered as a material inducement to Ms. Bennett entering into employment with the Company, as the Vice President, Revenue Strategy &amp;amp; Operations, effective as of July 20, 2026. The Inducement Award was granted under the Five9, Inc. 2026 Inducement</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Press+Releases/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</guid>
   <pubDate>Tue, 18 Aug 2026 16:15:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)</title>
   <link>http://www.streetinsider.com/Business+Wire/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on August 13, 2026, the Company granted a restricted stock unit award (the “RSU”) covering 26,982 Shares to Sarah Bennett (the “Inducement Award”). The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Award, which was offered as a material inducement to Ms. Bennett entering into employment with the Company, as the Vice President, Revenue Strategy &amp;amp; Operations, effective as of July 20, 2026. The Inducement Award was granted under the Five9, Inc. 2026 Inducement</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Business+Wire/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</guid>
   <pubDate>Tue, 18 Aug 2026 16:15:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Five9 Announces Inducement Award Under Nasdaq Listing Rule 5635(c)(4)</title>
   <link>http://www.streetinsider.com/Business+Wire/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</link>
   <description>
&lt;p&gt;    SAN RAMON, Calif.--(BUSINESS WIRE)--
Five9, Inc. (Nasdaq: FIVN) (“Five9” or the “Company”) today announced that on August 13, 2026, the Company granted a restricted stock unit award (the “RSU”) covering 26,982 Shares to Sarah Bennett (the “Inducement Award”). The Compensation Committee of the Board of Directors of the Company approved the grant of the Inducement Award, which was offered as a material inducement to Ms. Bennett entering into employment with the Company, as the Vice President, Revenue Strategy &amp;amp; Operations, effective as of July 20, 2026. The Inducement Award was granted under the Five9, Inc. 2026 Inducement</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Business+Wire/Five9+Announces+Inducement+Award+Under+Nasdaq+Listing+Rule+5635%28c%29%284%29/26944398.html</guid>
   <pubDate>Tue, 18 Aug 2026 16:15:00 -0400</pubDate>
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   <title>Form  144        Five9, Inc.                            Filed by: Burkland Michael</title>
   <link>http://www.streetinsider.com/SEC+Filings/Form++144++++++++Five9%2C+Inc.++++++++++++++++++++++++++++Filed+by%3A+Burkland+Michael/26933083.html</link>
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   <pubDate>Fri, 14 Aug 2026 18:01:00 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">FIVN</category>
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   <title>Form  144        Five9, Inc.                            Filed by: Burkland Michael</title>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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   <description>&lt;p&gt;Truist analyst Terry Tillman on software M&amp;A targets: &quot;In Application Software, we have had 16 coverage names acquired since 2019, including 1 in 2026, 3 in each of 2025 and 2024, and 4 in 2023. We continue to see a bifurcated potential buyer universe across our coverage, with horizontal platforms generally offering appeal to both strategic and financial buyers given their broader TAMs, scale and potential for product/GTМ synergies, while many vertical software assets are more natural candidates for financial sponsors given their durable recurring revenue, mission-critical workflows and attractive cash generation, in our opinion. Importantly, the significant valuation compression</description>
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