Oppenheimer Sticks to Its Buy Rating for Liveperson (LPSN)


In a report released today, Koji Ikeda from Oppenheimer reiterated a Buy rating on Liveperson (LPSN), with a price target of $33. The company’s shares closed yesterday at $25.95, close to its 52-week high of $27.40.

Ikeda said:

“LivePerson reported solid 4Q results and initiated 2019 revenue guidance above consensus. Highlights include: 1) a 20%+ growth target for 2020; 2) strong deal activity and healthy pipeline commentary; and 3) increasing mobile transaction volumes. On balance, the 2019 EBITDA guidance is below consensus from increasing investments for growth, which is the right thing to do for an accelerating business, but this could take time to gain comfort with. Bottom line: We think the odds are high that LivePerson will continue to deliver good results in future quarters, driven by increasing referenceability, better end-consumer discoverability, and executing the go-to-market strategy, which should help catalyze a re-rating of its multiple higher to coincide with its improving growth profile. Reiterate Outperform, PT to $33 (from $31).”

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 39.8% and a 100.0% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, BlackLine Inc, and SPS Commerce.

Currently, the analyst consensus on Liveperson is a Moderate Buy with an average price target of $31.

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The company has a one-year high of $27.40 and a one-year low of $14.05. Currently, Liveperson has an average volume of 467.3K.

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.

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