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

Lightspeed Commerce (TSE:LSPD - Free Report) had its target price decreased by Raymond James from C$36.00 to C$29.00 in a research note released on Friday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank reduced their price target on shares of Lightspeed Commerce from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Friday. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from C$18.00 to C$15.00 and set a "hold" rating on the stock in a research note on Friday. Finally, CIBC reduced their price target on shares of 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of "Moderate Buy" and a consensus price target of C$20.31.

Lightspeed Commerce Trading Up 0.1 %

LSPD stock traded up C$0.01 during trading on Friday, reaching C$19.05. 615,380 shares of the stock were exchanged, compared to its average volume of 623,466. The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of C$21.98 and a 200-day moving average price of C$20.95. Lightspeed Commerce has a 1 year low of C$16.04 and a 1 year high of C$26.60. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of -14.22 and a beta of 2.69.

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.