#8 - Lightspeed POS (TSE:LSPD)
Lightspeed POS (TSE:LSPD) As mobile technology continues to fundamentally disrupt traditional payment networks, Lightspeed POS is becoming a major player in Canada. The company’s stock has been one of the hottest stocks in Canada since launching its initial public offering (IPO) this past spring. Some are even suggesting that it could be the next Shopify. During the five months between April and early August, LSPD stock increased by more than 100% to $45 per share. The good news for investors is that the stock has come down a little bit meaning investors can get a second bite of the apple by buying the stock at a modest discount of $35 per share. Lightspeed’s revenue is projected to grow at a rate of over 20% annually which would exceed the Canadian market average. Of course, future projections on the stock are somewhat limited as Lightspeed is not yet profitable, but that’s the case with many growth stocks. Analysts applaud the company for its solid balance sheet which should support the growth in revenue.
About Lightspeed Commerce
Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accepts payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, Netherlands, Australia, and other countries.
More about Lightspeed Commerce- Current Price
- C$14.21
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- C$18.30 (28.8% Upside)
