Analyst Ratings Coverage:
Stifel Nicolaus (Rank#24) issued a research report on Monday October 30th, and maintained the “Hold” rating on the stock, and lowered the 12 month target price to $17 per share from $27 CAD.
LSPD Stock Analysis
The Lightspeed Commerce Inc stock forecast, based on assessments from 12 analysts, indicates a mixed but generally positive outlook for the company. The average target price set by these analysts is CAD 28.13 over the next 12 months, suggesting an expectation of potential growth in the company’s stock value. This forecast implies a degree of optimism regarding Lightspeed Commerce Inc’s future performance, though it’s important to consider the variations in the analysts’ projections.
Lightspeed Commerce Inc’s average analyst rating is classified as “Strong Buy,” which reflects a consensus among analysts that the stock is highly recommended for purchase. This rating underscores the analysts’ collective belief that the company is well-positioned to deliver substantial results and generate substantial returns for investors.
Stock Target Advisor’s own stock analysis for Lightspeed Commerce Inc is categorized as “Slightly Bearish.” This rating is based on their evaluation of 3 positive signals and 4 negative signals, suggesting a more cautious perspective. While there are some positive signals in their assessment, the presence of negative signals highlights potential risks or challenges that could affect the stock’s performance.
At the most recent closing, Lightspeed Commerce Inc’s stock was priced at CAD 17.16. Over the past week, the stock experienced a significant decrease of -6.99%, indicating a short-term decline. Over the past month, there was a more substantial drop of -10.06% in the stock’s price, potentially influenced by various market factors and investor sentiment. Looking back over the last year, the stock has seen a notable decrease of -34.68%, which reflects a challenging year for the company’s shareholders, possibly influenced by industry trends or economic conditions.
Final Stock Analysis
These historical price movements suggest that Lightspeed Commerce Inc has faced significant challenges in the past year, which could be contributing to the bearish view in Stock Target Advisor’s analysis. However, the analyst consensus and target price may indicate a belief that the company has the potential for a turnaround or a positive trajectory in the coming months. Investors should carefully consider these factors and conduct their own research when making decisions regarding Lightspeed Commerce Inc’s stock.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
