Roth Capital Reaffirms Buy On Liveperson Shares, $23 PT
Roth Capital analyst Richard Baldry reaffirmed a Buy rating on Liveperson (NASDAQ:LPSN) with a price target of $23.00, which represents a potential upside of 68% from where the stock is currently trading.
Baldry observed, “LivePerson’s 3Q14 revenues and pro forma EPS were both above our forecasts. More importantly, in our view, LPSN revealed its acquisition of “Contact At Once!”, a chat services provider focused on the automotive industry . Expected to be accretive to pro forma earnings for 2015, the acquisition adds meaningful scale and should bring the combined reported growth rate to well over 25% as a positive sentiment catalyst.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Richard Baldry has a total average return of 8.8% and a 54.2% success rate. Baldry is ranked #968 out of 3365 analysts.