The Globe and Mail reports in its Saturday, Oct. 23, edition that Barclays analyst Raimo Lenschow raised his share target for Lightspeed POS ($45) to $45 (U.S.) from $40 (U.S.), while BTIG analyst Mark Palmer raised his target to $53 from $47 with an unchanged "buy" rating (all figures Canadian unless otherwise stated). The Globe's David Leeder writes that Mr. Lenschow reiterated his "overweight" call. Analysts on average target Lightspeed POS shares at $48.46.
Mr. Lenschow says in a note, "With LSPD preparing to report its 2Q21 results on Nov. 5, we believe its story remains compelling as it has just begun to capture the significant opportunity arising from the COVID-19 pandemic: the acceleration by several years of demand from small- and medium-sized businesses for the cloud-based, omnichannel B2C commerce solutions it offers." The Globe reported on Feb. 8 that Raymond James analyst Steven Li had reiterated his "market perform" on Lightspeed POS when it was worth $38.01. The Globe reported on March 14 that Mr. Li upgraded his Lightspeed POs to "outperform." The shares could then be had for $20. The Globe reported on April 21 that RBC rated Lightspeed POS "sector perform." The shares were then worth $21.06.
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