William Blair analyst Arjun Bhatia has maintained their neutral stance on LPSN stock, giving a Hold rating today.
Arjun Bhatia derived his Hold rating for LivePerson based on an amalgamation of factors. Despite LivePerson’s third-quarter earnings surpassing expectations, largely driven by artificial intelligence enthusiasm and a more concentrated investment approach, Arjun remains cautious. This is largely due to the company’s many moving parts, including changes within the leadership team, which create uncertainty around growth.
Additionally, the company’s stock valuation played a significant role in his rating. Even though LivePerson’s stock is relatively cheap compared to its software peers, the visibility into its growth remains unclear. This, coupled with the company’s ongoing transition, gives cause for Arjun’s conservative stance and his decision to reiterate his Market Perform rating.
In another report released today, Evercore ISI also maintained a Hold rating on the stock with a $3.50 price target.
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Liveperson (LPSN) Company Description:
LivePerson, Inc. engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The Consumer segment involves in facilitating online transactions between independent service providers and individual consumers seeking information and knowledge for a fee via mobile and online messaging. The company was founded by Robert P. LoCascio on November 29, 1995 and is headquartered in New York, NY.
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