Today, an analyst has provided a rating update for the Technology company, Lightspeed POS Inc (LSPD – Research Report). The Technology company, Lightspeed POS Inc (TSX: LSPD) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Sukumar is ranked #6863 out of 8565 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightspeed POS Inc with a C$27.46 average price target, which is a 56.6% upside from current levels. In a report issued on October 20, Morgan Stanley also maintained a Hold rating on the stock with a $17.00 price target.
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$209 million and GAAP net loss of C$48.7 million. In comparison, last year the company earned revenue of C$174 million and had a GAAP net loss of C$106 million.
Lightspeed POS Inc provides omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their business. The company sells its platform through direct sales force in North America, Europe and Australia, supplemented by indirect channels in other countries around the world.
The company’s shares closed last Friday at C$17.16, close to its 52-week low of C$16.95.
Read More on TSE:LSPD:
- Lightspeed price target lowered to $20 from $23 at National Bank
- Lightspeed price target lowered to $17 from $18 at Morgan Stanley
- Toast price target lowered to $28 from $30 at Morgan Stanley
- Lightspeed initiated with a Neutral at UBS
- High Spirits: New Lightspeed Data Reveals Halloween Spike in Takeout, Liquor Sales for Bars and Restaurants Across North America
