Recent analyst targets CIBC: “for the share price to recover, Lightspeed will need to execute to its guide in the coming quarters. Despite the reality that it will take some time, we believe the company remains well positioned. We reiterate our Outperformer rating and price target of C$125, which is based on 20x our F2023 revenue forecast.”
TD: “With the shares trading at 10.6x forward revenue, well below ecommerce peers at 13.6x and Shopify at 34.7x, Lightspeed remains our top pick.”
RBC: “LSPD’s inaugural analyst day offered three key takeaways, in our view, as it provided 1) more detailed responses to key questions coming out of its recent quarter (why slower growth in number of locations, weaker payments penetration, and conservative guidance); 2) a vision of the future once all assets are fully integrated = its commerce platform (triangulating merchants, brands, and consumers); and 3) the long-term durability of its financial model. Reiterate our Outperform rating and US$104 price target.”