LivePerson price target lowered to $6 from $12 at Evercore ISI

Evercore ISI analyst Peter Levine lowered the firm’s price target on LivePerson to $6 from $12 and keeps an In Line rating on the shares. While valuation at these levels "would appear to be washed out" given that the company’s "disappointing" Q4 results and below-expectations FY23 outlook drove shares down about 40% in after-hours trading, the firm said it still has "a lot more questions than answers at this point" in light of inconsistent execution and "chat commoditization."