BTIG Reaffirms Their Buy Rating on Lightspeed POS Inc (LSPD)
In a report released yesterday, Andrew Harte from BTIG maintained a Buy rating on Lightspeed POS Inc, with a price target of $12.00. The company’s shares closed yesterday at C$13.40.
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According to TipRanks, Harte is an analyst with an average return of -3.5% and a 26.49% success rate. Harte covers the Technology sector, focusing on stocks such as Block, Lightspeed POS Inc, and Exodus Movement, Inc. Class A.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lightspeed POS Inc with a $12.02 average price target.
Based on Lightspeed POS Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$286.03 million and a GAAP net loss of C$28.1 million. In comparison, last year the company earned a revenue of C$253.42 million and had a GAAP net loss of C$575.94 million
Based on the recent corporate insider activity of 38 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.
Read More on TSE:LSPD:
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- Lightspeed price target lowered to $10 from $11 at Truist
- Lightspeed price target lowered to C$25 from C$30 at CIBC
- Lightspeed price target lowered to $12 from $13 at BMO Capital
- John Shao Reiterates Hold on Lightspeed, Maintains $11 Price Target Amid Solid Fundamentals but Cautious Outlook
- Lightspeed price target lowered to $10 from $13 at RBC Capital
