Shares of Lightspeed POS Inc (LSPD – Research Report) were revisited by a Wall Street analyst today. Analyst Clarke Jeffries from Piper Sandler remains neutral on the stock and has a $18.00 price target.
According to TipRanks.com, Jeffries has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -13.5% and a 24.4% success rate. Jeffries covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., BigCommerce Holdings, and Tyler Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightspeed POS Inc with a C$25.86 average price target, a 27.7% upside from current levels. In a report issued on October 30, Stifel Nicolaus also maintained a Hold rating on the stock with a C$17.00 price target.
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$230 million and GAAP net loss of C$42.49 million. In comparison, last year the company earned revenue of C$184 million and had a GAAP net loss of C$95.8 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$20.42.
Read More on TSE:LSPD:
