The stocks of LPSN have reaffirmed their rating of buy as it was confirmed by several analysts working at B. Riley. According to a report, this was then sent out to clients and investors, with a price objective of $77 set on the stock of the company. The price target is an increase from $72 which was set by the company previously. The price objective of B. Riley for LPSN currently indicates a positive increase in the growth rate by about 19.57%.
The Stock Commentary On LPSN
There have been quite a few companies that have commented on the stocks of LPSN. Jefferies Financial Group has already reduced the shares of the company from a rating of buy to a rating of hold, along with a price target set at $65 after it was previously $55. This was then reported in a research report published on the 11th of January.
Craig Hallum also increased the price objective of the company from $60 to $70, along with a price rating of buy which was set on the 30th of October. JPMorgan Chase & Co also gave the company a rating of overweight, after it was previously neutral. Next, they increased the price target of LPSN from $65 to $79, in a Friday research report. Rosenblatt Securities also increased the price target from $73 to $75, with a rating of buy.
Three of the analysts covering the firm have already prescribed a rating of hold, while eleven others have given the stocks of this company a rating of buy. Currently, LPSN has a buy rating with a $70.31 price target.
The shares of LPSN traded on Friday at $6.40. The moving average price of the firm over 50 days is $66.69, while the moving average price of the firm over 200 days is $59.21. The year low of the firm stands at $14.08, while the year high has been positioned at $72.23.