Published On: Mon, Oct 13th, 2014

Israeli Tech LivePerson Surges on Credit Suisse Upgrade

liveperson

Shares of Israeli tech company, LivePerson soared over 8% on Sunday in the Tel Aviv stock exchange. The stock had been recently upgraded by Credit Suisse analyst Michael Nemeroff from Neutral to Outperform, and he raised his price target from $13 to $17. The analyst was confident that the company could rev up revenue and improve margins.

Catalysts driving the stock price higher, as reported by Benzinga, include pent-up demand for its LiveEngage 2.0Platform, a backlog of enterprise customers and new customer signings and positive feedback from customers about its Engage 2.0 platform. The stock rose 3.3% on the New York Stock exchange to trade  at $14.10

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