Five9 (FIVN), a provider of cloud software for contact centers, saw its stock soar 5.11% in Monday's intraday trading, demonstrating resilience in the face of mixed analyst sentiment. The stock's positive performance comes despite a significant price target reduction from Barclays, suggesting investors are focusing on other supportive factors.

Barclays adjusted its stance on Five9, cutting the price target to $33 from $60. However, the firm maintained its Overweight rating on the stock, indicating continued confidence in the company's long-term prospects. This balanced view from Barclays appears to have been overshadowed by more bullish sentiment from other analysts.

Adding to the positive momentum, Truist Financial analyst Terry Tillman reiterated a Buy rating on Five9. This vote of confidence from Truist, combined with the maintained Overweight rating from Barclays, seems to have reassured investors about the company's potential, despite the lowered price target. The market's reaction suggests that investors are prioritizing the overall positive analyst sentiment over the price target reduction.