Needham analyst Ryan MacDonald maintained a Buy rating on Liveperson (LPSN) today and set a price target of $35. The company’s shares opened today at $28.54, close to its 52-week high of $30.50.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 22.9% and a 72.0% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software Inc, Blackbaud, and Paycom.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liveperson with a $35 average price target, a 22.6% upside from current levels. In a report released today, Roth Capital also maintained a Buy rating on the stock with a $39 price target.
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Based on Liveperson’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $6.47 million. In comparison, last year the company had a GAAP net loss of $3.2 million.
Based on the recent corporate insider activity of 47 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.