Lightspeed Commerce (NYSE:LSPD) Price Target Lowered to $31.00 at Barclays

Lightspeed Commerce (NYSE:LSPDGet Rating) had its target price reduced by equities research analysts at Barclays from $42.00 to $31.00 in a note issued to investors on Friday, Stock Target Advisor reports. Barclays‘s price target indicates a potential upside of 38.64% from the company’s previous close.

A number of other brokerages have also weighed in on LSPD. Truist Financial decreased their price objective on Lightspeed Commerce from $75.00 to $60.00 in a report on Friday, February 4th. KeyCorp dropped their price objective on shares of Lightspeed Commerce from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada reduced their target price on Lightspeed Commerce from $62.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. National Bank Financial decreased their target price on Lightspeed Commerce from $90.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Finally, BTIG Research decreased their price target on shares of Lightspeed Commerce from $112.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $72.13.

NYSE:LSPD opened at $22.36 on Friday. The stock has a 50 day moving average of $24.83 and a two-hundred day moving average of $35.69. Lightspeed Commerce has a 12 month low of $15.03 and a 12 month high of $130.02. The firm has a market cap of $3.31 billion and a P/E ratio of -43.00.

About Lightspeed Commerce (Get Rating)

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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