Analysts Set Lightspeed Commerce Inc. (TSE:LSPD) Price Target at C$18.60

Key Points

• Analysts have given Lightspeed Commerce Inc. an average rating of "Hold", with one sell, four hold, and five buy recommendations from ten research firms.
• The average 12-month price target for Lightspeed Commerce shares is currently C$18.60, with recent price targets raised by various firms, including Cormark to C$25.00.
• Lightspeed Commerce's stock opened at C$17.38, with a 52-week range between C$10.50 and C$26.60, indicating significant volatility in its market performance.

Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) has received an average recommendation of "Hold" from the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$18.60.

A number of equities research analysts have recently commented on LSPD shares. ATB Capital lifted their price objective on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Raymond James Financial boosted their price target on Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Cormark boosted their price target on Lightspeed Commerce from C$20.00 to C$25.00 in a research report on Friday, August 1st.

Lightspeed Commerce Price Performance

Shares of LSPD traded down C$0.37 during mid-day trading on Friday, hitting C$17.03. The company's stock had a trading volume of 139,112 shares, compared to its average volume of 602,160. The firm has a 50-day simple moving average of C$17.06 and a 200 day simple moving average of C$15.36. The firm has a market capitalization of C$2.30 billion, a P/E ratio of -3.82 and a beta of 2.32. Lightspeed Commerce has a 1-year low of C$10.50 and a 1-year high of C$26.60. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.