Barclays raised the firm’s price target on Lightspeed to $20 from $19 and keeps an Overweight rating on the shares. The analyst believes “we are in the middle of a year-end rally in software.” Looking at current valuation levels shows that enterprise value to sales multiples are up by a full turn since early November, but still below the long-term average, which could provide further support, the analyst tells investors in a research note. The firm moved price targets to a 2025 base year, which lowers multiples further.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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:
- Exclusive Lightspeed Data Shows How Bars and Restaurants can Seize on Thanksgiving Eve Trend ‘Drinksgiving’ to Drive Major Sales
- Exclusive Lightspeed Data Shows How Bars and Restaurants can Seize on Thanksgiving Eve Trend ‘Drinksgiving’ to Drive Major Sales
- Lightspeed to Participate in Upcoming Investor Conferences
- David Jones Digitizes Its Buying Process Utilizing NuORDER by Lightspeed
- Lightspeed Commerce selected by David Jones