Why Shares of LivePerson Jumped Today

Why Shares of LivePerson Jumped Today

Shares of LivePerson (NASDAQ: LPSN) jumped on Thursday after the cloud-based software company received positive analyst coverage. This move higher comes after a steep drop in early November following its third-quarter report. At 12:15 p.m. EST, LivePerson stock was up about 10%.

Analysts at B. Riley initiated coverage on LivePerson on Thursday, assigning the stock a "buy" rating. B. Riley set its price target on the stock at $16.50, well above the $11.05 closing price on Wednesday. That price target would represent a new 52-week high.

Image source: Getty Images.

Continue reading

Source: Fool.com