Roth Capital Upgrades LivePerson (LPSN) to Buy

May 10, 2022 4:59 AM EDT
Get Alerts LPSN Hot Sheet
Price: $11.06 +2.03%

Rating Summary:
    14 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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Roth Capital analyst Richard Baldry upgraded LivePerson (NASDAQ: LPSN) from Neutral to Buy with a price target of $25.00.

The analyst comments "Returning rating to Buy; PT still $25.00. Overall, we are left with a more constructive view of LPSN's near-term outlook, particularly given a backdrop in which we believe its valuation weakness has more than factored in its staccato operational execution over the past year. As such, we are returning our rating to Buy. Our unchanged $25.00 PT applies a 3.5x multiple to our 4Q22 run-rate revenue forecast, a multiple we view as fair and perhaps conservative if its AEBITDA rapidly nears breakeven as we forecast for 2Q22 and if its organic growth rate shows an ability to remain in the 15-20% range near-term (which would require modest upside to our 2Q22 forecast but if expected to be achieved in our model starting in 3Q22)."

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 $16.30 yesterday.

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