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Fly News Breaks for September 20, 2019
LPSN
Sep 20, 2019 | 07:34 EDT
Needham analyst Ryan MacDonald raised his price target on LivePerson to $45 and kept his Buy rating after the company's recent non-deal roadshow, saying the discussions made him confident in the management's ability to accelerate its revenue growth in 2020 thanks to the "early nature" of its "attractive" messaging market opportunity. The analyst contends that LivePerson has thus far been successful in scaling its sales organization to service the "strong" pipeline of new and existing customers, adding that he believes an accelerating revenue growth focus will drive near-term outperformance for the shares.
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