LivePerson tumbles to 15-year low on downbeat forecast

LivePerson

29/02/2024 15:09

** Shares of customer service tech firm LivePerson  LPSN.O 
fall 37.9% to $1.49, touching its lowest levels in over 15 years
    ** Co forecasts FY24 revenue between $300 mln to $315 mln;
below Wall Street view of $353.90 mln - LSEG data
    ** Sees Q1 revenue between $79 mln and $83 mln compared with
analysts' estimates of $88.30 mln
    ** Q4 revenue fell to $95.50 mln from $122.50 mln in Q4 2022
    ** Atleast three brokerages lower their price target on the
stock
    ** Two of ten brokerages rate the stock "buy", seven "hold"
and one "sell"; their median PT is $2
    ** Including session's losses, stock has fallen over 61% YTD
compared with a near 63% decline in 2023

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))