Wunderlich Securities Initiates Coverage On LivePerson With Buy Rating
According to Wunderlich Securities, LivePerson (NASDAQ: LPSN) coverage is initiated with a Buy rating.
Wunderlich Securities said that it is initiating coverage of LivePerson, Inc. (LPSN) with a Buy rating and $18.00 price target. “With new product offerings seen as driving positive sentiment near term, we apply a 6x revenue multiple to year out forecasts to arrive at our $18.00 target.”
LivePerson closed yesterday at $11.29.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.