Post by
retiredcf on Nov 01, 2021 8:57am
CIBC
EQUITY RESEARCH
October 31, 2021 Earnings Update
LIGHTSPEED COMMERCE INC.
Q2 Preview, Expect A Strong Quarter
Our Conclusion
Lightspeed will report its second quarter on November 4 prior to the market open. We expect a strong quarter that confirms our positive thesis, and recommend buying or holding Lightspeed shares into this report. Lightspeed is benefiting from Gross Transaction Value (GTV) and customer location growth as well as strong Lightspeed Payments adoption.
We retain our Outperformer rating. Our price target is C$190 (US$154, prior C$195) converted at a foreign exchange rate of 1.23 (prior 1.27) and based on 30x our F2023 revenue forecast.
Comment by
equityresearch on Nov 01, 2021 11:42am
$190 is very likely. Lightspeed is growing both organically and through acquisitions. Revenue growth will continue to impress the market and positive earnings is in the near future.