Analysts Price TargetsApril 2, 2019 The Street took a largely bullish stance on Lightspeed Inc. (LSPD-T) after initiating coverage of the stock on Tuesday.
Calling its valuation “attractive," CIBC World Markets’ Todd Coupland gave the Montreal-based software firm an “outperformer” rating and $26.
“We believe Lightspeed’s shares should be purchased,” he said.
“Lightspeed trades at 8 times our conservative fiscal 2021 estimated revenue. Peers trade at 10 times. Our forecast assumes only 7 per cent of customer locations adopt payments. We expect full potential of 50 per cent to be reached in a few years.”
Elsewhere, believing it plays in a point-of-sale market that is “ripe for disruption" and calling its platform “differentiated,” National Bank Financial’s Richard Tse set a $25 target with an “outperform” rating.
BMO’s Thanos MoschopoNationalulos also gave the stock an “outperform” rating with $25 target, while JPMorgan’s Tien-tsin Huang pegged it a “neutral” with a $22 target.