UPDATE: Citi Starts LivePerson (LPSN) at Buy

March 31, 2021 4:27 AM EDT
Get Alerts LPSN Hot Sheet
Price: $56.46 -3.68%

Rating Summary:
    22 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 20 | New: 67
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(Updated - March 31, 2021 4:47 AM EDT)

Citi analyst Drew Foster initiates coverage on LivePerson (NASDAQ: LPSN) with a Buy rating and a price target of $76.00.

The analyst comments "LivePerson is several years into a strategy shift that acknowledges asynchronous & omnichannel messaging as the driving forces behind customer interactions in the future, where Conversational Commerce is a likely corollary. After a painful migration process in 2016-17, LivePerson is three years into a top-line acceleration that appears sustainable. Quota-carrying headcount is projected to grow by +38% this year, and with new partnerships also adding to aggregate capacity, all indications suggest that LPSN’s 6x EV/2022 Sales multiple deserves more credit for >25% durable topline growth. We initiate with a Buy/High Risk rating and $76 price target."

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 $50.53 yesterday.

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