LivePerson price target lowered to $2 from $3 at Mizuho

Mizuho analyst Siti Panigrahi lowered the firm’s price target on LivePerson to $2 from $3 and keeps a Neutral rating on the shares. The company reported in-line Q4 revenue against muted expectations, but unveiled disappointing 2024 revenue guidance that was 24% below consensus expectations, the analyst tells investors in a research note. The firm is concerned the near-term retention challenges could persist throughout the year.