LivePerson (LPSN) PT Lowered to $1 at Loop Capital

(Updated - April 23, 2024 7:23 AM EDT)

Loop Capital analyst Mark Schappel lowered the price target on LivePerson (NASDAQ: LPSN) to $1.00 (from $3.00) while maintaining a Hold rating.

The analyst commented: "We are updating our LivePerson estimates and trimming our price target to $1 in front of the company's 1Q24 earnings release, which we expect sometime in early to mid May. For full year 2024, we now expect the company to earn $19M in Adjusted EBITDA on $308.5M in total revenue. In terms of the stock, while we acknowledge that the current 'fire sale' valuation
multiple of 1x sales is quite inexpensive, we are likewise aware that turnarounds such as this almost always take much longer than management and investors expect, which is the basis for our ongoing Hold."

You May Also Be Interested In

• Morgan Stanley Downgrades Greentown Management Holdings Co Ltd (9979:HK) to Equalweight
• China Resources Mixc Lifestyle (1209:HK) PT Lowered to HK$33.23 at Morgan Stanley
• Commerzbank AG (CBK:GR) (CRZBY) PT Raised to EUR17.50 at RBC Capital