As of June 6, 2023, shares of Lightspeed Commerce Inc. (NYSE:LSPD) have garnered significant attention from the investor community, having received a consensus recommendation of “Moderate Buy” from no less than seventeen ratings firms that are covering the company. This statistic alone is indicative of the immense potential that LSPD holds and confirms investors’ keen interest in the organization.
According to Bloomberg reports, analysts have been closely monitoring LSPD’s movements and forecasting its trajectory over the next fiscal year. Of these analysts, four have rated the stock with a hold rating, while six have assigned it a buy rating. This split suggests mixed sentiments about LSPD’s performance in recent times – some believe that it is worth holding onto, while several others believe that now is an opportune time to invest in the potential growth that LSPD may offer.
In addition to their ratings and reviews, brokerages that have issued ratings on LSPD’s stocks in the past year have also provided one-year price objectives for their investments. The average price objective among these brokers stands at $21.50 – a figure which calls for sustained growth over an extended period. This objective reinforces buyers’ faith in LSPD’s ability to outperform market trends and underscores its strong revenue-generating potential.
Overall, LSPD appears poised for continued success in the marketplace as investors continue placing their trust in its ability to deliver transformative benefits. With a promising future ahead and continued backing from established players within the financial sphere, shares of Lightspeed Commerce are undoubtedly ones to watch closely moving forward.
Lightspeed Commerce Inc.
Updated on: 26/09/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
2:00 PM (UTC)
Date:25 September, 2023
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Navigating Lightspeed Commerce: A Close Look at Analyst Reports
Lightspeed Commerce: Navigating the Analyst Reports
As of June 6, 2023, equities research analysts have issued reports on Lightspeed Commerce Inc., a provider of commerce-enabling software as a service (SaaS) platform for small and midsize businesses. The reports have caused quite a stir in the financial world, prompting investors to take a closer look at this company’s prospects.
National Bankshares, Bank of America, Barclays, Royal Bank of Canada (RBC), and KeyCorp are among the prominent investment banks that issue these reports. Among other things, they provide insights into the business outlook for Lightspeed Commerce and adjust their price objectives based on recent developments.
National Bankshares cut their target price from $30.00 to $20.00 while Bank of America lowered theirs from $20.00 to $18.00 in a research note dated May 18th and May 19th respectively. Barclays also cut its price objective on share prices from $20 to $17; RBC’s report lowered theirs from $24 to $21 within the similar time frame.
Analysts cited reasons like market instability and company debt-to-equity ratio standing at 0.01 for the adjustment in target price objectives for shares prices in Lightspeed Commerce Inc.
However, the most notable ratings update came from KeyCorp who not only lowered their target price on Lightspeed Commerce shares but also gave an “overweight” rating on the stock in a report released April 5th.
Despite these recent updates, it is essential first to understand who Lightspeed Commerce is entirely before investing or jumping into conclusions over analysts’ reports’ changes.
Lightspeed Commerce is a leading SaaS-enabled platform providing support small-and-medium-sized businesses(e.g., golf course operators) with services like secure payment platforms, enabling interactions between retailers and customers as well as operational management tools.
LSPD is currently trading at an opening price of $14.74, with a 52-week high of $28.35 and a low of $12.45. It has a P/E ratio of -2.08 and beta of 2.28, making it an attractive option for investors who want to be on the forefront of digital innovation in business management tools.
In conclusion, these analysts’ reports should not deter prospective investors from considering Lightspeed Commerce when making their investment decisions. Instead, they should be used as insights to make better-informed choices concerning the company’s potential future performance. Investors must conduct their own due diligence both comprehensively and meticulously before taking any investment actions with LSPD or any other securities instruments on offer in the market to guard against any unforeseen risks that could arise in the future that may affect their holdings’ value adversely.
Date: June 6, 2023