UPDATE: Ladenburg Thalmann Raises PT to $20.25 on LivePerson

Ladenburg Thalmann raises its price target to $20.25 on Buy-rated LivePerson LPSN on the strength of its LiveEngage platform and recent SaaS M&A valuations. Ladenburg Thalmann notes, "With the ongoing growth in smart mobile devices, it is becoming more and more important for consumer facing companies to integrate mobile strategies into their marketing and customer service offerings. This trend is benefiting LivePerson as it has created LP Mobile (with its development partners) geared specially to provide marketers the opportunity to tie chat into mobile and social networking marketing initiatives." LPSN closed at $17.21 a share on Tuesday.