Lightspeed POS (TSE:LSPD) had its price target upped by analysts at BMO Capital Markets from C$45.00 to C$52.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 20.73% from the stock’s previous close.
A number of other analysts also recently issued reports on LSPD. KeyCorp reissued an “overweight” rating and issued a C$45.00 price objective on shares of Lightspeed POS in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Lightspeed POS from C$22.00 to C$37.00 in a report on Friday, August 9th. Raymond James boosted their price objective on shares of Lightspeed POS from C$33.00 to C$41.00 and gave the company a “market perform” rating in a report on Friday, August 9th. TD Securities boosted their price objective on shares of Lightspeed POS from C$29.00 to C$52.00 in a report on Friday, August 9th. Finally, National Bank Financial boosted their price objective on shares of Lightspeed POS from C$40.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Lightspeed POS currently has an average rating of “Buy” and an average price target of C$47.00.
Shares of LSPD stock opened at C$43.07 on Monday. The company has a market cap of $4.10 billion and a P/E ratio of -7.79. The business’s 50-day moving average is C$39.56. Lightspeed POS has a 52 week low of C$18.05 and a 52 week high of C$49.70.
Lightspeed POS Inc, a commerce-enabling software company, primarily sells software as a service to retailers, restaurants, and e-commerce companies. The company's commerce platform enables the handling of point of sale and omnichannel transactions, as well as the management of inventory, customer preferences, sales, and analytics.
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