UPDATE: LivePerson (LPSN) PT Raised to $19 at Ladenburg Thalmann

(Updated - April 23, 2018 7:27 AM EDT)

(updated to add analyst comment)

Ladenburg Thalmann raised its price target on LivePerson (NASDAQ: LPSN) to $19.00 (from $17.50) while maintaining a Buy rating.

Analyst Glenn Mattson comments "We believe LPSN is positioned well within the shift to messaging. The shift for B2C communications through messaging and the use of AI and bots is one of the most exciting areas in technology today. LPSN was ahead of the curve building its LiveEngage platform to capitalize on this movement. We believe the company is at an inflection point now as the market is ready to make this transition toward more automated and fluid The benefits of messaging are realized by consumer and business alike. The consumer gets better access to the companies they do business with reducing their frustration with lengthy wait times for service. Businesses get to realize significant cost savings while improving customer relations as well as intelligently developing upsell opportunities. Cost savings can be a driving force for change, as LPSN has shown that call centers can see a 4x productivity boost with LiveEngage."

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