LPSN - LivePerson stock climbs after bullish start on accelerating top-line growth

Saying the company is "back with a new lease on life," Citi initiates LivePerson (LPSN) coverage with a Buy rating and $76 price target.Analyst Drew Foster says LPSN is "several years into a strategy shift that acknowledges asynchronous & omnichannel messaging as the driving forces behind customer interactions in the future, where Conversational Commerce is a likely corollary."Foster sees the company as "three years into a top-line acceleration that appears sustainable."LivePerson shares are up 3.8% pre-market to $32.44.Related: Last month, JPMorgan upgraded LivePerson after its Q4 revenue acceleration.

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LivePerson stock climbs after bullish start on accelerating top-line growth