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Fly News Breaks for August 2, 2018
LPSN
Aug 2, 2018 | 08:44 EDT
Needham analyst Ryan MacDonald raised his price target on LivePerson to $28 and kept his Buy rating after its Q2 results. The analyst notes that the earnings were inline even as the company registered its 2nd consecutive quarter of over-20% growth in average revenue per user, along with international and U.S. pipeline growth. Citing LivePerson's "largest ever" contract signed in early Q3, MacDonald contends that the management's strategy of continued investment is working.
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