Lightspeed POS (TSE:LSPD) Stock Price Down 2%

Lightspeed POS Inc (TSE:LSPD) shares fell 2% during mid-day trading on Monday . The stock traded as low as C$33.28 and last traded at C$35.54. 99,277 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 153,363 shares. The stock had previously closed at C$36.27.

A number of analysts recently weighed in on LSPD shares. TD Securities increased their price target on shares of Lightspeed POS from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. National Bank Financial increased their price target on shares of Lightspeed POS from C$25.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. BMO Capital Markets increased their price target on shares of Lightspeed POS from C$25.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. CIBC increased their price target on shares of Lightspeed POS from C$26.00 to C$27.00 in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a C$22.00 price target on shares of Lightspeed POS in a research note on Tuesday, April 2nd.

The company has a market capitalization of $3.04 billion and a price-to-earnings ratio of -6.43.

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Lightspeed POS Company Profile (TSE:LSPD)

Lightspeed POS Inc, a commerce-enabling software company, primarily sells software as a service to retailers, restaurants, and e-commerce companies. The company's commerce platform enables the handling of point of sale and omnichannel transactions, as well as the management of inventory, customer preferences, sales, and analytics.

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