Lightspeed POS (TSE:LSPD) had its price objective increased by CIBC from C$27.00 to C$50.00 in a research report report published on Tuesday morning, BayStreet.CA reports.
Other research analysts also recently issued reports about the stock. National Bank Financial upped their target price on shares of Lightspeed POS from C$30.00 to C$40.00 and gave the company an outperform rating in a research note on Thursday, July 25th. BMO Capital Markets upped their target price on shares of Lightspeed POS from C$25.00 to C$29.00 and gave the company an outperform rating in a research note on Friday, May 31st. Raymond James restated a market perform rating and issued a C$33.00 target price on shares of Lightspeed POS in a research note on Monday, July 8th. KeyCorp restated an overweight rating and issued a C$45.00 target price on shares of Lightspeed POS in a research note on Tuesday. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a C$22.00 target price on shares of Lightspeed POS in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$35.43.
Shares of LSPD stock opened at C$41.00 on Tuesday. The stock has a market capitalization of $3.32 billion and a P/E ratio of -7.42. The company has a fifty day moving average price of C$37.45. Lightspeed POS has a twelve month low of C$18.05 and a twelve month high of C$43.11.
About Lightspeed POS
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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