Market Overview

Wunderlich Securities Reiterates Buy Rating, $24 PT on LivePerson

Related LPSN
32 Biggest Movers From Yesterday
32 Stocks Moving In Thursday's Mid-Day Session

In a report published Wednesday, Wunderlich Securities reiterated its Buy rating and $24.00 price target on LivePerson (NASDAQ: LPSN).

Wunderlich Securities noted, “LivePerson, Inc. (LPSN) released mixed results after the close yesterday, with record revenues and impressive bookings muted by slowing implementations of new deals that is weighing on near-term revenues. EPS of $0.08 beat our $0.07 forecast and was at the mid-point of guidance to leave its earnings engine intact and our 4Q12 EPS forecast unchanged. As we believe implementation experience should over time improve deployment pacing, we would aggressively defend shares were they to weaken meaningfully on its dampened near-term revenues. We reiterate our Buy rating and have left our price target unchanged at $24.00.”

LivePerson closed on Tuesday at $14.68.

Latest Ratings for LPSN

Dec 2017B. RileyInitiates Coverage OnBuy
Sep 2017NeedhamInitiates Coverage OnBuy
Sep 2016BenchmarkMaintainsBuy

View More Analyst Ratings for LPSN
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings


Related Articles (LPSN)

View Comments and Join the Discussion!