Oppenheimer Believes Liveperson (LPSN) Won’t Stop Here


In a report released today, Koji Ikeda from Oppenheimer reiterated a Buy rating on Liveperson (LPSN), with a price target of $35. The company’s shares closed yesterday at $28.30, close to its 52-week high of $30.50.

Ikeda commented:

“Yesterday, LivePerson management gave an upbeat set of presentations at its first investor day in seven years, held in NYC. We found management’s updates on: 1) the conversational commerce opportunity; 2) the product portfolio and roadmap; 3) enterprise and midmarket go-to-market strategies; 4) AI-bot driven consumer engagement adoption; and 5) pipeline momentum, as positives. Bottom line: We believe LivePerson is well positioned with its LiveEngage messaging platform to capitalize on the future shift of consumer engagement to messaging channels. We think there are multiple growth levers for the business to pull to drive a potential rare SaaS industry accelerating growth profile, which should catalyze a re-rating of its valuation multiples higher to coincide with its improving growth profile. Reiterate Outperform, raise PT to $35 (from $33).”

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 36.0% and a 88.7% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, BlackLine Inc, and SPS Commerce.

Liveperson has an analyst consensus of Strong Buy, with a price target consensus of $35, a 23.7% upside from current levels. In a report issued on May 3, Needham also maintained a Buy rating on the stock with a $35 price target.

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Based on Liveperson’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $18.89 million. In comparison, last year the company had a GAAP net loss of $3.2 million.

Based on the recent corporate insider activity of 44 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.

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