UPDATE: Oppenheimer Initiates Coverage on LivePerson
According to a research report published this morning, Oppenheimer has initiated LivePerson (NASDAQ: LPSN) with an Outperform rating and $21 PT.
Oppenheimer commented in the report, "We believe LivePerson will continue to deliver strong organic growth as companies increasingly realize they need a real-time Customer Intelligent Engagement platform to improve unique website visitor conversion rates and customer support. We expect the company to organically grow revenue and earnings at a very healthy 20% to 25% CAGR as adoption of website behavioral targeting technologies expands."
LivePerson closed yesterday at $16.62.
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