Still so much growth potential Lightspeed stock has consistently been trading on a positive note for the last six months in a row. Despite the COVID-19-related challenges, the company posted a solid 84% jump in its 2020 sales, while its adjusted gross profit rose by more than 64% from a year ago. This strong financial growth drove LSPD stock up by 149% last year.
Its growth trend accelerated further, as reopening economies boosted the demand for its e-commerce solutions — especially from small- and medium-sized businesses. That’s one of the reasons why in the June quarter, Lightspeed’s revenue growth accelerated to a massive 220% year over year, as its gross transaction volume surged by 203%.
I expect the demand for Lightspeed’s software solutions to accelerate further, as more businesses than ever are trying to build or improve their online presence in the post-pandemic world. Given this solid demand, consistently improving financials, and solid long-term fundamentals, Lightspeed stock could still be a great buy for long-term investors who want to buy some high-growth Canadian stocks.
https://www.fool.ca/2021/09/22/why-lightspeed-stock-surged-5-wednesday/amp/