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Fly News Breaks for February 14, 2020
LPSN
Feb 14, 2020 | 06:49 EDT
KeyBanc analyst Alex Kurtz lowered his price target for LivePerson to $43 from $48 following the company's Q4 results, saying that while LivePerson reported strong deal activity and announced another step up in opex to build out its Payments solution, it also announced a CFO transition. The analyst is encouraged by the strong deal activity and clarity on the ramp to 25%+ growth in CY21, but is lowering his multiple slightly to 6.5x CY21 EV/revenue to account for the incremental opex.
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