Lightspeed POS (TSE:LSPD) had its target price increased by equities research analysts at TD Securities from C$29.00 to C$52.00 in a report released on Friday, BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 5.69% from the company’s current price.
Other equities analysts have also issued reports about the company. KeyCorp reaffirmed an “overweight” rating and issued a C$45.00 price objective on shares of Lightspeed POS in a research note on Tuesday, July 30th. Raymond James lifted their price objective on Lightspeed POS from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research note on Friday. National Bank Financial lifted their price objective on Lightspeed POS from C$30.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. CIBC lifted their price objective on Lightspeed POS from C$27.00 to C$50.00 in a research note on Tuesday, July 30th. Finally, BMO Capital Markets lifted their price objective on Lightspeed POS from C$29.00 to C$45.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$46.00.
Shares of Lightspeed POS stock traded up C$3.31 during midday trading on Friday, reaching C$49.20. The company had a trading volume of 402,821 shares, compared to its average volume of 179,963. The stock’s fifty day moving average is C$38.23. The stock has a market capitalization of $3.84 billion and a price-to-earnings ratio of -8.90. Lightspeed POS has a fifty-two week low of C$18.05 and a fifty-two week high of C$49.58.
Lightspeed POS Company Profile
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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