Lightspeed POS Inc (LSPD) Receives a Buy from RBC Capital
In a report released yesterday, Daniel Perlin from RBC Capital maintained a Buy rating on Lightspeed POS Inc, with a price target of $10.00. The company’s shares closed yesterday at C$11.53.
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Perlin covers the Technology sector, focusing on stocks such as Block, PicS N.V. Class A, and NCR Voyix. According to TipRanks, Perlin has an average return of -9.8% and a 35.61% success rate on recommended stocks.
Currently, the analyst consensus on Lightspeed POS Inc is a Hold with an average price target of $12.67, implying a 9.85% upside from current levels. In a report released yesterday, BTIG also assigned a Buy rating to the stock with a $12.00 price target.
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$317.15 million and a GAAP net loss of C$34.09 million. In comparison, last year the company earned a revenue of C$280.13 million and had a GAAP net loss of C$26.59 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSPD in relation to earlier this year.
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