Liveperson Inc (NASDAQ: LPSN) Stock Forecast: Bullish Signals Pointing To $20 In 2024

In today’s recent session, 1.66 million shares of the Liveperson Inc (NASDAQ:LPSN) have been traded, and its beta is 1.77. Most recently the company’s share price was $0.78, and it changed around -$0.01 or -1.30% from the last close, which brings the market valuation of the company to $68.46M. LPSN at last check was trading at a discount to its 52-week high of $6.41, offering almost -721.79% off that amount. The share price’s 52-week low was $0.45, which indicates that the recent value has risen by an impressive 42.31% since then. We note from Liveperson Inc’s average daily trading volume that its 3-month average coming to 3.90 million.

Liveperson Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended LPSN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Liveperson Inc is expected to report earnings per share of -$0.25 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Liveperson Inc (NASDAQ:LPSN) trade information

Instantly LPSN has been showing red trend so far today with a performance of -1.30% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -79.50% year-to-date, but still up 22.50% over the last five days. On the other hand, Liveperson Inc (NASDAQ:LPSN) is 36.99% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 92.2% from its current value. Analyst projections state that LPSN is forecast to be at a low of $1 and a high of $20.

Liveperson Inc (LPSN) estimates and forecasts

Liveperson Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -71.95 percent over the past six months and at a -23.53% annual growth rate that is well below the industry average of 21.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -308.30% in revenue this quarter, and will report an increase of 72.10% in the next quarter. The year-over-year growth rate is expected to be -23.10%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $77.18 million in revenue for the current quarter. 7 analysts expect Liveperson Inc to make $74.41 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $97.52 million and $101.33 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.90%. Forecasts for the next quarter put sales growth at -26.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.76%. Liveperson Inc earnings are expected to increase by -120.46% in 2024, but the outlook is positive 15.00% per year for the next five years.