LivePerson (LPSN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Core Viewpoint - LivePerson (LPSN) has experienced a bearish trend recently, losing 11.1% in the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom in a downtrend, characterized by a small candle body and a long lower wick, suggesting that bears may be losing control [4][5]. - The occurrence of a hammer pattern at the bottom of a downtrend signals a possible trend reversal, as buying interest emerges after reaching a new low [5]. Fundamental Analysis - There is rising optimism among Wall Street analysts regarding LPSN's future earnings, with a 14.4% increase in the consensus EPS estimate over the last 30 days, indicating improved earnings potential [2][8]. - LPSN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9].