Brokerages Set Lightspeed Commerce Inc. (TSE:LSPD) PT at C$19.50

Shares of Lightspeed Commerce Inc. (TSE:LSPD) have earned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$19.50.

Several analysts have issued reports on LSPD shares. ATB Capital raised their price target on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday, November 7th. Cormark boosted their price target on Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. TD Securities upped their price target on Lightspeed Commerce from C$13.00 to C$15.00 and gave the company a “hold” rating in a report on Friday, November 7th. Finally, Raymond James Financial raised their price objective on Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st.

Lightspeed Commerce Trading Down 1.3%

Shares of Lightspeed Commerce stock opened at C$18.40 on Friday. Lightspeed Commerce has a 1 year low of C$10.50 and a 1 year high of C$26.60. The company’s fifty day simple moving average is C$16.73 and its 200-day simple moving average is C$16.18. The company has a market cap of C$2.50 billion, a price-to-earnings ratio of -4.08 and a beta of 2.32. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

About Lightspeed Commerce

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.