Lightspeed Commerce (TSE:LSPD) Given New C$30.00 Price Target at CIBC

Lightspeed Commerce (TSE:LSPD) had its target price dropped by stock analysts at CIBC from C$35.00 to C$30.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 61.20% from the company’s current price.

Lightspeed Commerce Price Performance

Shares of TSE:LSPD traded up C$0.57 on Friday, reaching C$18.61. 822,542 shares of the company were exchanged, compared to its average volume of 595,726. The firm has a market cap of C$2.82 billion, a price-to-earnings ratio of -13.89 and a beta of 2.69. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. Lightspeed Commerce has a 1-year low of C$16.04 and a 1-year high of C$26.60. The company has a 50-day moving average of C$22.23 and a 200-day moving average of C$20.91.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.