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LivePerson Stock (LPSN) Surges 60% on Google Cloud Expansion

LivePerson Stock (LPSN) Surges 60% on Google Cloud Expansion

LivePerson (LPSN) stock underwent a massive rally on Wednesday after the conversational artificial intelligence (AI) and messaging solutions company announced an expanded partnership with Alphabet's (GOOGL) Google Cloud. With this agreement, LivePerson will introduce advanced AI capabilities to the LivePerson Connected Experience Platform.
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LivePerson noted that this change will bring with it several advantages for customers that use this platform. These include enhanced self-service and personalization capabilities, deeper insights into customer sentiment, and access to the latest large language models.
John Sabino, CEO of LivePerson, said, 'By deeply embedding Google's cutting-edge AI across our platform, we are empowering businesses to move beyond reactive support to truly intelligent, anticipatory, and human-like customer interactions at scale.'
LivePerson Stock Movement Today
LivePerson stock was up 58.84% as of Wednesday morning, following a 0.41% rally yesterday. However, the shares were down 41.6% year-to-date and 24.77% over the past 12 months. This news brought heavy trading to LPSN stock, with some 27 million shares traded as of this writing, compared to a three-month daily average of about 1.52 million units.
Is LivePerson Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for LivePerson is Hold, based on three Hold ratings over the past three months. With that comes an average LPSN stock price target of 93 cents, representing a potential 4.77% upside for the shares.
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