Lightspeed Commerce (NYSE:LSPD) PT Lowered to $32.00 at Piper Sandler

Lightspeed Commerce (NYSE:LSPDGet Rating) had its target price trimmed by Piper Sandler from $40.00 to $32.00 in a report published on Friday, Stock Target Advisor reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the stock. BTIG Research dropped their price objective on shares of Lightspeed Commerce from $60.00 to $45.00 and set a buy rating on the stock in a research note on Friday. Morgan Stanley dropped their price objective on shares of Lightspeed Commerce from $31.00 to $28.00 and set an equal weight rating on the stock in a research note on Tuesday, July 12th. Barclays dropped their price objective on shares of Lightspeed Commerce from $42.00 to $31.00 and set an overweight rating on the stock in a research note on Friday, May 20th. Truist Financial dropped their price objective on shares of Lightspeed Commerce from $60.00 to $45.00 and set a buy rating on the stock in a research note on Friday, May 20th. Finally, KeyCorp lowered their price target on shares of Lightspeed Commerce from $30.00 to $25.00 and set an overweight rating on the stock in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $68.19.

Lightspeed Commerce Price Performance

LSPD stock opened at $21.81 on Friday. The company has a fifty day moving average price of $22.24 and a 200 day moving average price of $24.73. Lightspeed Commerce has a 12 month low of $15.03 and a 12 month high of $130.02. The company has a market cap of $3.25 billion and a price-to-earnings ratio of -41.94.

Lightspeed Commerce (NYSE:LSPDGet Rating) last released its quarterly earnings results on Thursday, May 19th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.17). The company had revenue of $146.56 million for the quarter, compared to analysts’ expectations of $140.97 million. As a group, analysts anticipate that Lightspeed Commerce will post -0.83 earnings per share for the current year.

Lightspeed Commerce Company Profile

(Get Rating)

Lightspeed Commerce 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, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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Analyst Recommendations for Lightspeed Commerce (NYSE:LSPD)

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