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Fly News Breaks for January 24, 2019
LPSN
Jan 24, 2019 | 07:57 EDT
As previously reported, Oppenheimer analyst Koji Ikeda upgraded LivePerson to Outperform from Perform, with a $31 price target, as he sees good upside from current price levels based on improving business fundamentals and valuation. Specifically, the analyst sees an underappreciated mobile commerce opportunity that can drive upside to estimates, a good entry point following the pull-back, several catalysts including a potential growth acceleration story in 2019 to about 20%, strong installed-base monetization opportunity; and anticipates a good execution trend over the FTM.
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