LivePerson: Hard To Get Behind This Valuation
LivePerson (LPSN) keeps rallying and appears set for a break higher after holding strong resistance in the $34 to $36 range.
The stock has a market cap of $2.5 billion with a revenue goal of $290 million for this year and $350 million in 2020. LivePerson trades at 7x forward sales estimates. While not extremely expensive, the company needs some major catalyst for 20% revenue growth with large losses to make the stock worth owning here other than for a trade.
Disclosure: No position. Please review the disclaimer page for more details.