Oppenheimer Sticks to Their Buy Rating for Liveperson (LPSN)


In a report released today, Koji Ikeda from Oppenheimer maintained a Buy rating on Liveperson (LPSN), with a price target of $33. The company’s shares closed yesterday at $29.92, close to its 52-week high of $30.28.

Ikeda commented:

“LivePerson reported good 1Q results, in our assessment. Positively, we believe the business is successfully executing its go-to-market strategy (sales capacity, marketing events, etc.), which is resulting in increasing pipeline momentum and a visible path to 20% growth later this year. On balance, management reaffirmed its full- year revenue guidance despite the 1Q beat, which may take time for investors to gain comfort with. Bottom line: We believe LivePerson is well positioned to capitalize on a shift in consumer engagement behavior to mobile messaging channels, and the setup is very good for the business to display improving fundamentals and accelerating growth in 2H19. This should help catalyze a re-rating of its valuation multiple higher towards the SaaS industry average. Reiterate Outperform, $33 PT.”

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 37.0% and a 92.3% 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 $33.60 average 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.

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