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Fly News Breaks for May 5, 2016
LPSN
May 5, 2016 | 08:35 EDT
Roth Capital analyst Richard Baldry upgraded LivePerson to Buy from Neutral as he believes resumed sequential growth should support an improving valuation, despite year over year comparisons remaining challenged throughout 2016. The sequential revenue declines of Q4 and Q1 should give way to a return to sequential revenue growth in Q2 now that the company's customer migration-driven churn appears to have peaked, the analyst tells investors in a research note. Baldry raised his price target on the shares to $10 from $5.
News For LPSN From the Last 2 Days
LPSN
Apr 23, 2024 | 08:53 EDT
Loop Capital lowered the firm's price target on LivePerson to $1 from $3 and keeps a Hold rating on the shares ahead of its Q1 results. The stock's current "fire sale" valuation multiple of 1-times sales is "quite inexpensive", but turnarounds always take much longer than management and investors expect, the analyst tells investors in a research note.
