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25.03.2019 22:00:00

It's Not Too Late to Buy LivePerson Stock

Shares of LivePerson (NASDAQ: LPSN) may be hitting all-time highs, but at least one Wall Street pro thinks that shares of this provider of high-tech customer-support solutions are heading even higher. Piper Jaffray analyst Alex Zukin initiated coverage of the stock with a bullish Overweight rating on Monday. He's slapping a Street-high price target of $39 on LivePerson shares, suggesting 32% more upside off of last week's all-time high.Zukin feels that we are in the early stages of a massive secular shift of voice to messaging and AI, a niche in which LivePerson has advantages as an early mover. He sees LivePerson as a beneficiary as companies seek to evolve how they communicate with customers in this digital world. He feels that the stock is an inexpensive -- or at least relatively cheap -- way to play the business-to-consumer digital transformation.Image source: LivePerson.Continue reading
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LivePerson 28.38 38.50% LivePerson

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