Lightspeed Commerce (NYSE:LSPD) Given New $32.00 Price Target at Piper Sandler

Lightspeed Commerce (NYSE:LSPDGet Rating) had its price objective cut by Piper Sandler from $40.00 to $32.00 in a research note issued to investors on Friday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on LSPD. Barclays lowered their price target on shares of Lightspeed Commerce from $42.00 to $31.00 and set an overweight rating for the company in a research note on Friday, May 20th. BTIG Research lowered their price objective on shares of Lightspeed Commerce from $60.00 to $45.00 and set a buy rating for the company in a research note on Friday. Truist Financial lowered their price objective on shares of Lightspeed Commerce from $60.00 to $45.00 and set a buy rating for the company in a research note on Friday, May 20th. KeyCorp decreased their price target on shares of Lightspeed Commerce from $30.00 to $25.00 and set an overweight rating for the company in a research note on Thursday, July 21st. Finally, Morgan Stanley cut their price objective on shares of Lightspeed Commerce from $31.00 to $28.00 and set an equal weight rating on the stock in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $68.19.

Lightspeed Commerce Price Performance

LSPD opened at $21.81 on Friday. The company has a fifty day moving average price of $22.24 and a 200-day moving average price of $24.73. The firm has a market capitalization of $3.25 billion and a P/E ratio of -41.94. Lightspeed Commerce has a one year low of $15.03 and a one year high of $130.02.

Lightspeed Commerce (NYSE:LSPDGet Rating) last announced its earnings results on Thursday, May 19th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.17). The company had revenue of $146.56 million for the quarter, compared to the consensus estimate of $140.97 million. On average, analysts expect that Lightspeed Commerce will post -0.83 earnings per share for the current year.

Lightspeed Commerce Company Profile

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Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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