The reduction in price target by Mizuho reflects a negative outlook on LivePerson's stock price in the short term. A lower price target often leads to a decrease in investor confidence and can result in a downward pressure on the stock price. Given the direct mention and the specific action of lowering the price target, this news is highly relevant and important for investors in LPSN. The confidence in this analysis is high due to the clear and direct impact of analyst ratings and price target adjustments on stock prices.