Barclays analyst Raimo Lenschow raised the firm’s price target on Lightspeed to $19 from $17 and keeps an Overweight rating on the shares. The company’s fisca Q2 results showed that the mandatory payments strategy is making strides, the analyst tells investors in a research note. The firm says that with only 25% penetration, it sees a lot of room for upside potential going forward. As such, it likes the stock’s risk/reward.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LSPD:
- Lightspeed sees FY24 revenue $890M-$905M, consensus $894.2M
- Lightspeed sees Q3 revenue $232M-$237M, consensus $232.9M
- Lightspeed reports Q2 adjusted EPS 4c, consensus 0c
- Lightspeed Announces Second Quarter 2024 Financial Results and Raises Outlook for Fiscal 2024
- Lightspeed releases new features, leveraging data and AI, to make the hard parts of running a business that much easier
