Benzinga | Sep 17, 2021 10:56AM EDT

Barclays Bumps Up LivePerson, Lightspeed Commerce PTs - Read Why

* Barclays analyst Raimo Lenschow raised the price target on LivePerson Inc (NASDAQ:LPSN) to $80 from $76, implying a 17.3% upside, and reiterated an Overweight.

* Lenschow raised the PT on Lightspeed Commerce Inc (NYSE:LSPD) to $150 from $118, indicating a 20% upside, and maintained an Overweight.

* Over the next few months, investors will move to 2023, their new base year for valuations, Lenschow notes.

* For software, "with its high growth rates, this move is important as valuation levels often see a meaningful step-down," Lenschow says.

* Price Action: LPSN shares traded higher by 2.27% at $68.38, and LSPD shares traded higher by 0.55% at $124.20 on the last check Friday.