03:09:56 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Lightspeed Commerce Inc
Symbol LSPD
Shares Issued 152,585,256
Close 2023-12-06 C$ 22.54
Market Cap C$ 3,439,271,670
Recent Sedar Documents

Globe says Lightspeed Commerce kept at "outperform"

2023-12-06 07:47 ET - In the News

The Globe and Mail reports in its Wednesday, Dec. 6, edition that RBC Capital Markets equity strategy boss Lori Calvasina thinks U.S. small-cap stocks are oversold and that "now is a good time to add exposure looking into 2024." The Globe's David Leeder writes in the Eye On Equities column that RBC Capital updated its "U.S. Small Cap Growth Idea List," adding four stocks, including Montreal-based Lightspeed Commerce. RBC analyst Daniel Perlin rates Lightspeed Commerce "outperform," with a $21 (U.S.) share target. Analysts on average target the shares at $18.79 (U.S.). Mr. Perlin says in a note, "A cleaner, better positioned Lightspeed is emerging, as original skepticism around its ability to drive higher payment penetration without higher churn and pricing discounts for software has being disproven in recent quarters, with payments penetration increasing to 25 per cent (up from 21.8 per cent sequentially) and software ARPU growing in the high single digits, all coupled with a focus on profitability heading into FY24." The Globe reported on Jan. 28, 2022, and May 23, 2023, that Mr. Perlin continued to rate Lightspeed Commerce "outperform." The shares could then be had for $46.03 (Canadian) and $17.94 (Canadian).

© 2024 Canjex Publishing Ltd. All rights reserved.