Raymond James Has Lowered Expectations for Lightspeed Commerce (TSE:LSPD) Stock Price

Lightspeed Commerce (TSE:LSPD) had its price target dropped by analysts at Raymond James from C$36.00 to C$29.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 55.83% from the company’s previous close.

A number of other equities research analysts also recently weighed in on LSPD. Stifel Nicolaus decreased their target price on Lightspeed Commerce from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Friday. Scotiabank decreased their price objective on Lightspeed Commerce from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday. Finally, CIBC dropped their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$21.39.

Lightspeed Commerce Stock Performance

LSPD traded up C$0.57 during trading on Friday, reaching C$18.61. 822,542 shares of the company were exchanged, compared to its average volume of 595,726. Lightspeed Commerce has a 52 week low of C$16.04 and a 52 week high of C$26.60. The stock has a market cap of C$2.82 billion, a P/E ratio of -13.89 and a beta of 2.69. The firm has a 50 day moving average of C$22.23 and a 200 day moving average of C$20.91. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.