Lightspeed Commerce (TSE:LSPD) Upgraded to Outperform at CIBC

CIBC upgraded shares of Lightspeed Commerce (TSE:LSPD) from a neutral rating to an outperform rating in a report issued on Friday, BayStreet.CA reports. They currently have C$33.00 price objective on the stock, up from their prior price objective of C$26.00.

Several other analysts also recently commented on LSPD. Raymond James decreased their price objective on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an outperform rating on the stock in a research report on Friday, February 9th. Cormark boosted their price target on Lightspeed Commerce from C$26.00 to C$26.50 in a research report on Friday, May 17th. National Bankshares boosted their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an outperform rating in a research note on Friday, January 26th. Finally, ATB Capital decreased their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an outperform rating for the company in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of Moderate Buy and an average target price of C$26.50.

Lightspeed Commerce Trading Up 3.7 %

Shares of TSE LSPD traded up C$0.74 during midday trading on Friday, hitting C$20.69. 1,194,897 shares of the company traded hands, compared to its average volume of 725,449. Lightspeed Commerce has a 12-month low of C$16.94 and a 12-month high of C$28.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.05 and a current ratio of 6.22. The stock has a 50-day moving average price of C$18.74 and a 200 day moving average price of C$21.27. The firm has a market cap of C$3.18 billion, a P/E ratio of -11.31 and a beta of 2.67.

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.