Lightspeed POS (TSE:LSPD) Price Target Raised to C$195.00

Lightspeed POS (TSE:LSPD) had its price target increased by CIBC from C$155.00 to C$195.00 in a research note issued on Monday, Price Targets.com reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 25.43% from the company’s previous close.

LSPD has been the topic of a number of other research reports. Piper Sandler initiated coverage on Lightspeed POS in a report on Wednesday, September 8th. They issued a “buy” rating and a C$145.00 target price on the stock. BTIG Research boosted their price objective on Lightspeed POS from C$115.00 to C$140.00 in a report on Friday, August 6th. Raymond James boosted their price objective on Lightspeed POS from C$105.00 to C$140.00 and gave the company an “outperform” rating in a report on Friday, August 6th. National Bank Financial boosted their price objective on Lightspeed POS to C$150.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Finally, Royal Bank of Canada boosted their price objective on Lightspeed POS to C$142.50 and gave the company an “outperform” rating in a report on Friday, August 6th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$132.75.

LSPD stock traded down C$3.37 during midday trading on Monday, hitting C$155.47. 496,024 shares of the stock were exchanged, compared to its average volume of 734,071. The stock’s 50-day moving average price is C$124.24 and its 200-day moving average price is C$99.57. The stock has a market cap of C$22.17 billion and a price-to-earnings ratio of -91.47. Lightspeed POS has a fifty-two week low of C$37.51 and a fifty-two week high of C$161.55. The company has a debt-to-equity ratio of 2.87, a quick ratio of 4.66 and a current ratio of 4.91.

About Lightspeed POS

Lightspeed POS 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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Analyst Recommendations for Lightspeed POS (TSE:LSPD)

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