LivePerson price target lowered to $4 from $5 at Loop Capital

Loop Capital lowered the firm’s price target on LivePerson to $4 from $5 and keeps a Hold rating on the shares. The stock’s decline of 94% from its all-time high has been triggered by the unwinding of the pandemic demand pull forward, repeated execution lapses, deteriorating financial performance, and key executive departures, the analyst tells investors in a research note. The firm adds that while LivePerson’s enterprise value to expected revenue multiple of 1.2 is compelling, at this time it is prudent to remain on the sidelines pending further assurance that recent restructuring programs remain on track and more clarity around the timing of management’s ‘rule of 40’ targets,