LiveVox assumed with a Buy at Benchmark

Benchmark analyst Matthew Harrigan assumed coverage of LiveVox with a Buy rating and $3.50 price target. LiveVox is a provider of cloud-based customer engagement solutions for contact centers and the Contact Center as a Service, or CCaaS, solutions market is “growing rapidly,” the analyst tells investors. LiveVox’s LV 19 product advance is currently in beta, with the agent desktop “bringing all communication channels together,” and management’s current 2023 guidance calls for revenue of $143M-148M, representing growth of 5% to 9% from 2022, the analyst notes.