Lightspeed POS (NYSE:LSPD) Given New $57.00 Price Target at Barclays

Lightspeed POS (NYSE:LSPD) had its price objective decreased by Barclays from $123.00 to $57.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports.

LSPD has been the topic of several other research reports. Raymond James dropped their target price on shares of Lightspeed POS from $140.00 to $110.00 and set an outperform rating on the stock in a report on Friday, November 5th. Truist Securities dropped their target price on shares of Lightspeed POS from $100.00 to $75.00 and set a buy rating on the stock in a report on Monday, January 10th. Royal Bank of Canada dropped their target price on shares of Lightspeed POS from $104.00 to $62.00 in a report on Friday, January 7th. Sumitomo Mitsui Financial Group dropped their price target on shares of Lightspeed POS from $90.00 to $80.00 and set a neutral rating on the stock in a research note on Wednesday, November 24th. Finally, Piper Sandler dropped their price target on shares of Lightspeed POS from $128.00 to $70.00 and set an overweight rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Lightspeed POS currently has a consensus rating of Buy and an average target price of $97.50.

Shares of LSPD opened at $36.56 on Wednesday. The company has a market capitalization of $5.42 billion and a P/E ratio of -70.31. The firm has a 50 day moving average of $48.43 and a 200 day moving average of $80.36. Lightspeed POS has a twelve month low of $33.82 and a twelve month high of $130.02.

Lightspeed POS (NYSE:LSPD) last announced its quarterly earnings results on Thursday, November 4th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $133.22 million for the quarter, compared to the consensus estimate of $124.44 million. As a group, equities analysts predict that Lightspeed POS will post -0.83 earnings per share for the current fiscal year.

Lightspeed POS Company Profile

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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Analyst Recommendations for Lightspeed POS (NYSE:LSPD)

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