Lightspeed Commerce (TSE:LSPD) Given New C$23.00 Price Target at Raymond James Financial

Key Points

• Raymond James Financial has raised its price target for Lightspeed Commerce from C$20.00 to C$23.00, indicating a potential upside of 34.74% from the current stock price.
• Several analysts have mixed views on the stock, with ratings varying from a recent downgrade by JPMorgan to an increase in the price objective by Cormark to C$25.00.
• Currently, the stock is trading at C$17.07, reflecting a decline of 1.2%, and has experienced a 12-month price range between C$10.50 and C$26.60.

Lightspeed Commerce (TSE:LSPD - Free Report) had its target price increased by Raymond James Financial from C$20.00 to C$23.00 in a report issued on Friday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other research firms have also weighed in on LSPD. JPMorgan Chase & Co. lowered Lightspeed Commerce from a "neutral" rating to an "underperform" rating and dropped their price target for the company from C$14.00 to C$13.00 in a research report on Monday, April 14th. Cormark raised their target price on Lightspeed Commerce from C$20.00 to C$25.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$18.60.

Lightspeed Commerce Price Performance

TSE LSPD traded down C$0.01 on Friday, reaching C$16.96. 181,447 shares of the stock traded hands, compared to its average volume of 635,455. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of -15.07 and a beta of 2.69. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. The firm's fifty day simple moving average is C$16.19 and its 200 day simple moving average is C$15.97. Lightspeed Commerce has a 12 month low of C$10.50 and a 12 month high of C$26.60.

Insider Activity at Lightspeed Commerce

In other Lightspeed Commerce news, Director Dale Murray bought 1,886 shares of Lightspeed Commerce stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of C$14.65 per share, with a total value of C$27,624.81. 9.93% of the stock is owned by insiders.

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.