Craig-Hallum Maintains Buy on LivePerson, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeff Van Rhee maintains a Buy rating on LivePerson (NASDAQ:LPSN) but lowers the price target from $3 to $1.

May 09, 2024 | 3:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
LivePerson's price target was reduced from $3 to $1 by Craig-Hallum, although the Buy rating was maintained.
The reduction in price target by a reputable analyst like Jeff Van Rhee could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. However, the maintenance of a Buy rating indicates underlying confidence in the company's fundamentals, which might mitigate some negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100