Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) Price Target at C$24.75

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$24.75.

Several equities research analysts recently weighed in on the stock. Cormark dropped their price objective on shares of Lightspeed Commerce from C$35.00 to C$26.00 in a research note on Monday, February 12th. National Bankshares upped their target price on shares of Lightspeed Commerce from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. CIBC decreased their target price on shares of Lightspeed Commerce from C$27.00 to C$25.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. ATB Capital decreased their target price on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Raymond James decreased their target price on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, February 9th.

Lightspeed Commerce Price Performance

LSPD opened at C$18.62 on Monday. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of -10.20 and a beta of 2.72. Lightspeed Commerce has a fifty-two week low of C$16.94 and a fifty-two week high of C$28.73. The company’s 50-day moving average price is C$18.54 and its 200 day moving average price is C$21.29. The company has a quick ratio of 6.05, a current ratio of 6.22 and a debt-to-equity ratio of 0.96.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.