Needham analyst Ryan MacDonald has reiterated their neutral stance on LPSN stock, giving a Hold rating on October 31.
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Ryan MacDonald has given his Hold rating due to a combination of factors surrounding LivePerson’s recent performance and future prospects. The company’s third-quarter earnings exceeded expectations, driven by earlier-than-anticipated deal closures which positively impacted revenue. This improvement in financial metrics is complemented by a stabilization in the company’s balance sheet, leading to better renewal rates from customers who were previously at risk of churning.
Despite these positive developments, MacDonald remains cautious, noting that while there is a promising pipeline from a new product launch, further evidence is needed to confirm a sustained recovery in new customer acquisition. The Hold rating reflects a wait-and-see approach as the company works to solidify its growth trajectory and demonstrate consistent performance improvements.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $6.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPSN in relation to earlier this year.