Close

UPDATE: JPMorgan Downgrades LivePerson (LPSN) to Neutral

February 25, 2022 6:37 AM EST
Get Alerts LPSN Hot Sheet
Price: $1.04 -2.8%

Rating Summary:
    13 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
(Updated - February 25, 2022 6:37 AM EST)

JPMorgan analyst Sterling Auty downgraded LivePerson (NASDAQ: LPSN) from Overweight to Neutral with a price target of $21.00 (from $60.00).

The analyst comments "LivePerson was founded in 1995 originally as a web chat solution provider and in 2016 launched its new LiveEngage platform, leading the disruption to take sales and customer support into a modern age using artificial intelligence and chat bots to replace the frustrating menu-driven voice systems. The new platform connects businesses to consumers through their everyday messaging environments like iMessage, Facebook Messenger, and WhatsApp. The fourth quarter of 2021 saw changes in government policy hit LivePerson’s COVID-19 testing product, at the same time that the Gainshare products saw a significant fall-off in volumes. Now with fewer new salespeople coming on board, revenue growth looks to be more like 18% instead of 25% in 2022. Therefore, instead of being a 25%+ revenue grower with the potential to drive operating leverage, the company is a sub-20% grower that is still losing a notable amount of money at the operating income line. These factors are underpinning our downgrade from Overweight to Neutral and $21 Dec-22 PT."

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 $24.34 yesterday.


You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

JPMorgan