Lightspeed Commerce (TSE:LSPD) Price Target Raised to C$15.00

Lightspeed Commerce (TSE:LSPD) had its price objective boosted by TD Securities from C$13.00 to C$15.00 in a report issued on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Cormark raised their price target on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research report on Friday, August 1st. ATB Capital raised their target price on Lightspeed Commerce from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Raymond James Financial upped their price target on Lightspeed Commerce from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on Lightspeed Commerce from C$19.00 to C$20.00 in a research note on Friday. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Hold” and a consensus price target of C$19.50.

Lightspeed Commerce Stock Performance

LSPD opened at C$18.37 on Friday. Lightspeed Commerce has a 1-year low of C$10.50 and a 1-year high of C$26.60. The company has a market cap of C$2.48 billion, a price-to-earnings ratio of -4.12 and a beta of 2.32. The company’s fifty day moving average price is C$16.66 and its two-hundred day moving average price is C$16.12. The company has a current ratio of 6.10, a quick ratio of 6.05 and a debt-to-equity ratio of 0.83.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.