Analyst Ratings Coverage
Lightspeed, a leading provider of cloud-based commerce solutions, has recently received analyst ratings and target price updates from several financial institutions. These ratings provide insights into how analysts perceive the company’s future prospects and indicate their recommendations for investors. Here is an expansion on the analyst ratings for Lightspeed as of May 19, 2023:
ATB Capital Markets has downgraded its target price for Lightspeed but still maintains a “Buy” rating. Their target price is set at CAD 50, suggesting confidence in the company’s potential for growth despite the revised price target.
TD Securities also maintains a “Buy” rating for Lightspeed and has set a target price of CAD 34. This indicates their belief in the company’s ability to generate positive returns for investors.
Truist Financial has downgraded its target price for Lightspeed but still maintains a “Buy” rating. They have set the target price at CAD 27, indicating their positive outlook for the company’s performance.
STA Research reiterates a “Buy” rating for Lightspeed, with a target price of CAD 30. This suggests their continued confidence in the company’s growth prospects.
CIBC World Markets has downgraded its rating for Lightspeed to “Neutral” and set a target price of CAD 21. This change in rating suggests a more cautious stance on the company’s performance compared to previous assessments.
BMO Capital Markets has downgraded its rating for Lightspeed to “Market Perform” and set a target price of CAD 19. This implies a more neutral stance, suggesting that the company’s performance is expected to align with the broader market.
RBC maintains an “Outperform” rating for Lightspeed and has downgraded its target price to CAD 21. This rating indicates that RBC believes the company will outperform the overall market despite the revised target price.
Scotia Capital also maintains an “Outperform” rating for Lightspeed with a target price of CAD 30. This suggests their positive outlook for the company’s performance compared to the broader market.
LSPD Stock Forecast & Analysis
According to the forecast provided by 10 analysts, the average target price for Lightspeed Commerce Inc over the next 12 months is estimated to be CAD 32.00. This suggests a potential upside for investors if the stock reaches the projected target price. Additionally, the average analyst rating for Lightspeed Commerce Inc is “Strong Buy,” indicating a highly positive sentiment among analysts regarding the company’s future prospects.
Stock Target Advisor’s own stock analysis of Lightspeed Commerce Inc yields a “Neutral” rating. This analysis is based on a combination of four positive signals and four negative signals identified by their analysis. It’s important to note that this rating might differ from the average analyst rating as it incorporates additional factors and signals specific to Stock Target Advisor’s methodology.
At the last closing, the stock price of Lightspeed Commerce Inc stood at CAD 17.50. Over the past week, the stock price has experienced a negative change of -11.35%. Similarly, over the past month, the stock price has seen a decline of -8.14%. Looking at a longer timeframe, specifically the last year, the stock price has decreased by -32.74%. These fluctuations indicate volatility in Lightspeed Commerce Inc’s performance over time.
