Analysts predict Lightspeed Commerce Inc. (NYSE:LSPD – Get Rating) will post revenue of $164.13 million for the current fiscal quarter, according to Zacks. Eight analysts have made earnings estimates for Lightspeed Commerce, with estimates ranging from $133.20 million to $172.89 million. Lightspeed Commerce reported sales of $115.92 million in the same quarter last year, suggesting a positive year-over-year growth rate of 41.6%. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Lightspeed Commerce to post $752.28 million in revenue for the current fiscal year, with estimates ranging from $743.30 to $770.24 million. For the next fiscal year, analysts expect the company to record sales of $982.84 million, with estimates ranging from $914.00 million to $1.05 billion. Zacks Investment Research sales calculations are an average based on a survey of analysts who cover Lightspeed Commerce.
The LSPD has been the subject of a number of analyst reports. Morgan Stanley lowered its price target on Lightspeed Commerce from $44.00 to $31.00 and set an “equal weight” rating on the stock in a Friday, May 20 research report. Moffett Nathanson assumed cover for Lightspeed Commerce in a research report on Tuesday, April 5. They issued a “buy” rating and a price target of $40.00 on the stock. National Bank Financial cut its price target on Lightspeed Commerce shares from $90.00 to $75.00 and set an “outperform” rating for the company in a Friday, Feb. 4 research note. Royal Bank of Canada lowered its target price on Lightspeed Commerce shares from $62.00 to $50.00 and set an “outperform” rating for the company in a Friday, Feb. 4 research note. Finally, Piper Sandler cut her price target on Lightspeed Commerce shares from $54.00 to $39.00 and set an “overweight” rating for the company in a Friday, May 20 research note. One research analyst rated the stock with a sell rating, two assigned a hold rating and twelve assigned a buy rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Buy” and a consensus target price of $70.38.
Shares of LSPD opened at $24.98 on Thursday. The company’s 50-day moving average price is $24.36 and its 200-day moving average price is $32.43. Lightspeed Commerce has a 52-week low of $15.03 and a 52-week high of $130.02. The stock has a market capitalization of $3.70 billion and a P/E ratio of -48.04.
About Lightspeed Commerce (Get a rating)
Lightspeed Commerce Inc provides a software-as-a-service (SaaS) platform enabling commerce for small and medium-sized businesses, retailers, restaurants, and golf course operators in Canada, United States, Australia, Netherlands and abroad. Its SaaS platform allows clients to interact with consumers, manage operations, accept payments, and more.
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