Oppenheimer Reiterates an 'Outperform' on LivePerson (LPSN); Sales Momentum As Business Remains Strong

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Oppenheimer reiterates an 'Outperform' on LivePerson (NASDAQ: LPSN) price target of $22.00.

Analyst, Brian Schwatz, said, "We believe LivePerson's bookings are likely to show positive trends for some time, even if the macro environment slows. Customer checks at yesterday's Aspire conference in NYC suggest interest is increasing for LivePerson's new data intelligence products. We think this is an application segment that will experience tremendous investment as companies attempt to connect with and market more intelligently to their unique website visitors. Already its efforts in this space, and in mobile, are playing a significant role in re-energizing the new product strategy and will likely lead to share-gains from the legacy web-analytics vendors."

For an analyst ratings summary and ratings history on LivePerson click here. For more ratings news on LivePerson click here.

Shares of LivePerson closed at $18.12 yesterday, with a 52 week range of $9.22-$18.55.

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