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LivePerson, Inc. (NASDAQ:LPSN) Target Price $40

LivePerson, Inc. (NASDAQ:LPSN) Target Price $40

LivePerson (LPSN) is the world’s #1 AI-powered messaging platform

LivePerson
Ticker: NASDAQ:LPSN
Price: $33.99

LivePerson (LPSN) is the world’s #1 AI-powered messaging platform, and COVID-19 has provided a strong tailwind that could send these shares surging past their old all-time highs. The company is still on the ground floor of its potential, and analysts are becoming increasingly optimistic about the future of this business. EPS estimates have been on the rise for LPSN pushing this stock up to a HEFFX #1 (Strong Buy).

Business Summary

LivePerson, Inc. (Liveperson) is a provider of mobile and online business messaging technologies that power digital communication between brands and consumers.

The Company’s segments include Business and Consumer. The Business segment enables brands to leverage its cloud-based LiveEngage’s intelligence engine.

The Consumer segment facilitates online transactions between independent service providers (Experts) and individual consumers (Users) seeking information and knowledge for a fee through mobile and online messaging.

The Company’s platform, LiveEngage, enables businesses to create a meaningful connection with consumers by offering messaging as a preferred channel of communication.

The Company’s products and services include LiveEngage, Professional Services and Consumer Offering.

As a cloud computing or software-as-a-service (SaaS) provider, LivePerson provides solutions on a hosted basis. LiveEngage enables the combination of real time on-site data and off-site behavioral data.

Shayne Heffernan Trade Idea

“We predict the future price of LivePerson will come in around $39.77 which will give the stock a price increase of +15.41%.”

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 39.48.

The projected lower bound is: 29.03.

The projected closing price is: 34.25.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.

An engulfing bullish line occurred (where a white candle’s real body completely contains the previous black candle’s real body). The engulfing bullish pattern is bullish during a downtrend (which appears to be the case with LIVEPERSON INC). It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 29.5841. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.28. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -100.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 14 period(s) ago.

Rex Takasugi – TD Profile

LIVEPERSON INC closed up 1.030 at 33.990. Volume was 36% below average (neutral) and Bollinger Bands were 56% narrower than normal.

Open     High     Low      Close      Volume
32.450   34.220   31.780   33.990     924,257
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bearish
Long Term:         Bearish
Moving Averages: 10-period     50-period      200-period
Close:           34.42         29.78          34.08
Volatility:      69            121            97
Volume:          1,019,080     1,264,842      990,611

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

LIVEPERSON INC is currently 0.3% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.

Our volume indicators reflect volume flowing into and out of LPSN.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on LPSN.O and have had this outlook for the last 2 periods.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the NASDAQ Stock Market.

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Sources:
LivePerson Company Website
Thomson Reuters Metastock and Eikon financial tools

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