Lightspeed Inc. (LSPD) 6 Analysts Downgrade Stock’s Valuation

Lightspeed Inc. (LSPD) 6 Analysts Downgrade Stock's Valuation

Analyst Ratings Coverage on Lightspeed

Today’s analyst ratings on Lightspeed stock reveal a mixed sentiment among financial institutions, with several downward revisions to target prices and one notable downgrade. Here’s a comprehensive overview of the recent adjustments:

1. Raymond James: Target Lowered, Outperform Rating Maintained

  • Rating: Outperform
  • Previous Target Price: CAD 43
  • Revised Target Price: CAD 35
  • Analysis: Raymond James maintains its outperform rating on Lightspeed stock but has lowered its target price. The adjustment may reflect revised financial projections or market conditions, although the overall positive outlook on the company remains intact.

2. Scotia Capital: Target Downgraded

  • Rating: Outperform
  • Previous Target Price: Not specified
  • Revised Target Price: CAD 27
  • Analysis: Scotia Capital downgrades its target price for Lightspeed stock, suggesting a more conservative valuation compared to previous estimates. The specific rating remains undisclosed, but the reduction in target price indicates a cautious stance on the company’s near-term performance.

3. ATB Capital Markets: Target Lowered, Outperform Rating Maintained

  • Rating: Outperform
  • Previous Target Price: CAD 35
  • Revised Target Price: CAD 30
  • Analysis: ATB Capital Markets maintains its outperform rating on Lightspeed stock while lowering its target price. The adjustment may reflect updated market dynamics or company-specific factors, although the overall positive outlook on the company persists.

4. CIBC World Markets: Target Lowered, Neutral Rating Maintained

  • Rating: Neutral
  • Previous Target Price: CAD 27
  • Revised Target Price: CAD 25
  • Analysis: CIBC World Markets maintains its neutral rating on Lightspeed stock but has lowered its target price. The adjustment reflects a more cautious assessment of the company’s valuation or growth prospects, although it remains neutral overall.

5. TD Securities: Downgrades to Hold

  • Rating: Hold
  • Previous Target Price: Not specified
  • Revised Target Price: CAD 23.5
  • Analysis: TD Securities downgrades its rating on Lightspeed stock from a previous unspecified rating to hold. Additionally, the target price has been adjusted downward, suggesting a more conservative outlook on the company’s performance.

6. BTIG: Target Downgraded

  • Rating: Buy
  • Previous Target Price: Not specified
  • Revised Target Price: CAD 21
  • Analysis: BTIG downgrades its target price for Lightspeed stock, indicating a more cautious stance on the company’s valuation or growth prospects. Despite maintaining a buy rating, the reduction in target price suggests a more conservative outlook.

These analyst ratings and target price adjustments provide investors with valuable insights into the current sentiment surrounding Lightspeed stock. While opinions may vary among financial institutions, investors should carefully consider these assessments alongside their own research and investment strategies. It’s essential to stay informed about updates from reputable analysts and monitor market developments closely when making investment decisions involving Lightspeed stock.

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