LivePerson Rating Increased to Buy at Benchmark Co. (LPSN)
LivePerson (NASDAQ:LPSN) was upgraded by equities researchers at Benchmark Co. from a “hold” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $17.00 price target on the stock. Benchmark Co.’s price objective would suggest a potential upside of 30.07% from the company’s current price.
The analysts wrote, “We are upgrading LPSN to Buy from Hold and establishing a $17 price target. We think this is an appropriate time to re-engage the story, since we believe several factors needed to move the stock appear to be in place today and we think they’re sustainable over the medium-term.”
Shares of LivePerson (NASDAQ:LPSN) traded up 4.21% on Monday, hitting $13.62. 115,277 shares of the company’s stock traded hands. LivePerson has a 52 week low of $8.03 and a 52 week high of $15.19. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $10.03. The company’s market cap is $737.3 million.
LivePerson (NASDAQ:LPSN) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $44.48 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that LivePerson will post $0.21 EPS for the current fiscal year.
A number of other firms have also recently commented on LPSN. Analysts at Zacks upgraded shares of LivePerson from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, November 12th. They now have a $12.30 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of LivePerson from $10.00 to $14.00 in a research note to investors on Thursday, November 7th. They now have a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of LivePerson in a research note to investors on Thursday, October 3rd. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.66.
LivePerson, Inc (NASDAQ:LPSN) is a provider of online engagement solutions offering a cloud-based platform, which enables businesses to proactively connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including websites, social media, and mobile devices.
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