Lightspeed Commerce (TSE:LSPD) Price Target Raised to C$20.00 at JPMorgan Chase & Co.

Lightspeed Commerce (TSE:LSPD) had its price objective increased by JPMorgan Chase & Co. from C$19.00 to C$20.00 in a report issued on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 8.87% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. ATB Capital raised their price target on shares of Lightspeed Commerce from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Cormark increased their price objective on shares of Lightspeed Commerce from C$20.00 to C$25.00 in a research note on Friday, August 1st. Finally, Raymond James Financial boosted their target price on shares of Lightspeed Commerce from C$20.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$19.50.

Lightspeed Commerce Stock Performance

Shares of TSE:LSPD traded down C$0.61 during trading on Friday, hitting C$18.37. The stock had a trading volume of 1,438,417 shares, compared to its average volume of 600,047. The company has a quick ratio of 6.05, a current ratio of 6.10 and a debt-to-equity ratio of 0.83. Lightspeed Commerce has a 12-month low of C$10.50 and a 12-month high of C$26.60. The stock has a market capitalization of C$2.48 billion, a price-to-earnings ratio of -4.12 and a beta of 2.32. The stock has a 50-day simple moving average of C$16.63 and a two-hundred day simple moving average of C$16.05.

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.