Fly News Breaks for February 14, 2020
Feb 14, 2020 | 08:03 EDT
Oppenheimer analyst Koji Ikeda downgraded LivePerson to Perform from Outperform and removed his $50 price target following the company's "mixed" Q4 results and a CFO transition. In a research note to investors, Ikeda says he "commends" LivePerson for raising the awareness of the conversational messaging opportunity, but the mixed Q4 results, 2020 profitability that was guided below consensus and CFO transition raise risks to estimates. The analyst is moving to the sidelines until there are concrete data points that the growth acceleration ramp is on target, and the internal efficiency gaining strategies are working.
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