Northland Securities analyst Michael Latimore maintained a Buy rating on Liveperson (LPSN) today and set a price target of $33. The company’s shares closed yesterday at $25.95, close to its 52-week high of $27.40.
Latimore noted:
“We are increasing our FY19 revenue estimates while lowering EBITDA on a 90% increase in sales headcount. Increasing FY20 revs and EBITDA.”
Latimore has an average return of 36.8% when recommending Liveperson.
According to TipRanks.com, Latimore is ranked #178 out of 5194 analysts.
Currently, the analyst consensus on Liveperson is a Strong Buy with an average price target of $33, representing a 27.2% upside. In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $33 price target.
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Based on Liveperson’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $7.04 million. In comparison, last year the company had a GAAP net loss of $3.67 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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LivePerson, Inc. engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.
