BMO Capital Believes Lightspeed POS Inc (TSX: LSPD) Still Has Room to Grow

By Carrie Williams

Today, an analyst has provided a rating update for Lightspeed POS Inc (LSPDResearch Report). The company received a Buy rating from BMO Capital’s analyst Thanos Moschopoulos, with a C$52 price target.

According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 9.1% and a 76.7% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Maxar Technologies Ltd, CGI Group, and Open Text.

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Currently, the analyst consensus on Lightspeed POS Inc is a Strong Buy with an average price target of C$51.33, representing a 5.6% upside. In a report issued on July 30, CIBC also reiterated a Buy rating on the stock with a C$50 price target.

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Lightspeed POS Inc’s market cap is currently C$4.12B and has a P/E ratio of 0. The company has a Price to Book ratio of 6.16.

Lightspeed POS, Inc. provides point-of-sale software for retailers and restaurants. It offers workflow analysis, training, configuration, networking and business services. The company was founded by Dax Dasilva in 2005 and is headquartered in Montreal, Canada.

The company’s shares closed on Friday at C$48.61, close to its 52-week high of C$49.67.