Ladenburg Thalmann Maintains Buy Rating and $16 PT on LivePerson

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A report from Ladenburg Thalmann reiterates its Buy rating and $16 price target on LivePerson
LPSN
. The report states, “Given the continued growth of its legacy chat platform, the growth of the Pay-for-Performance business, and the new “LiveEngage” initiative, we believe LivePerson is positioned for an extended period of significant revenue and earnings growth. We anticipate that revenues in 2012 will increase roughly 20% above calendar 2011 and approach $165 million. GAAP net income should reach $16.2 million in 2012 and non-GAAP cash earnings are estimated to be $0.59 per share." LPSN closed Friday at $12.39.
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Posted In: Analyst ColorEarningsNewsReiterationAnalyst RatingsInformation TechnologyInternet Software & ServicesLadenburg Thalmann
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