LPSN - Why LivePerson Jumped 10.8% in January
After delivering sequential revenue growth through the first nine months of 2019, investors are increasingly confident LivePerson's (NASDAQ: LPSN) approach to conversational commerce will help drive shares higher in 2020. While the company didn't report any significant news in January, Wall Street analysts did boost their price targets last month because of growing optimism. As a result, the company's shares jumped 10.8% in January, according to S&P Global Market Intelligence.
LivePerson markets conversational commerce solutions that connect brands and consumers via social media and messaging platforms, including WhatsApp and Apple Business Chat. Using sophisticated artificial intelligence tools, LivePerson's LiveEngage software-as-a-service solution offers brands a more flexible customer service and sales option than traditional phone calls.
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