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UPDATE: Credit Suisse Initiates LivePerson at Neutral on Implementation-Related Growth Delay

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Credit Suisse initiated coverage on LivePerson (NASDAQ: LPSN) with a Neutral rating and a $15.00 price target.

Credit Suisse noted, "We believe LPSN is well positioned potentially to generate +20-25% revenue growth within the next few years, given its broad suite of data intelligence applications and its leadership position in interactive chat. However, as LPSN transitions from a single product to a multiproduct platform company, we believe the recent issue with longer implementation cycle times will weigh on revenue growth in 2013, with the potential for negative revisions over the next few quarters, hence our Neutral rating."

LivePerson closed at $13.86 on Friday.

Latest Ratings for LPSN

DateFirmActionFromTo
Sep 2017NeedhamInitiates Coverage OnBuy
Sep 2016BenchmarkMaintainsBuy
Jul 2016BenchmarkUpgradesHoldBuy

View More Analyst Ratings for LPSN
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Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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