LivePerson Shares Will Likely Be Range-Bound Pending Sales Representative Productivity Boost, Analyst Says
Mizuho analyst Siti Panigrahi maintained LivePerson, Inc (NASDAQ: LPSN) with a Neutral and cut the price target from $14 to $12.
LPSN exceeded its lowered expectation in Q3 and raised FY22 revenue growth guidance to 10.5% Y/ Y growth (at the midpoint), above consensus of 9.8% Y/Y, but maintained EBITDA margin guidance of 0.0-2.0%.
LPSN signed seven 7-figure deals in Q3 vs. five 7-figure deals in Q2.
Management continues working to optimize profitable growth with its focus on efficient new logo acquisitions, expansion in the existing base, and new strategic partnerships.
Despite the increased full-year guide for top-line growth, revenue growth has significantly decelerated to 11% in 2022 from 28% in 2021.
He believes shares will remain range-bound in the near term due to a lack of tailwinds and revenue growth deceleration in its core messaging business coupled with increasing competition until the sales representatives' productivity accelerates growth.
Price Action: LPSN shares traded lower by 5.71% at $12.05 on the last check Wednesday.
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Latest Ratings for LPSN
Date | Firm | Action | From | To |
|---|---|---|---|---|
Feb 2022 | Barclays | Maintains | Underweight | |
Feb 2022 | Mizuho | Maintains | Neutral | |
Feb 2022 | Roth Capital | Downgrades | Buy | Neutral |
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