Oppenheimer analyst Koji Ikeda maintained a Hold rating on Liveperson (LPSN) today. The company’s shares closed yesterday at $19.97.
Ikeda said:
“We recently met with LivePerson CFO Chris Greiner and come away positive on the business’s technology differentiation, value proposition, and its positioning in the enterprise and mid-market messaging opportunity. In addition, we think the introduction of its bot platform, Maven, should help generate increased customer interactions on the LiveEngage platform that could generate upside to Street revenue estimates. On balance, while the business is investing for growth, investors will have to wait until the 4Q18 earnings call for management to give the 2019 growth and profitability outlook, and shares may trade sideways until then. Bottom line: We patiently wait on the sidelines until there are more data points that the investments the business is making in its go-to-market motion are bearing fruit. Maintain Perform.”
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 24.5% and a 68.4% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, BlackLine Inc, and SPS Commerce.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liveperson with a $29.33 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27.40 and a one-year low of $10.80. Currently, Liveperson has an average volume of 492.4K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
