Lightspeed POS Inc (LSPD) Gets a Buy Rating from TD Securities

Lightspeed POS Inc (LSPDResearch Report) has received a rating update from a Wall Street analyst today. Analyst Daniel Chan from TD Securities reiterated a Buy rating, with a C$40.00 price target.

Read also: Can Qualcomm (QCOM) Stock Live Up to the Q3 Hype?

Lightspeed POS Inc has an analyst consensus of Strong Buy, with a price target consensus of C$44.83, which is a 42.3% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$52.00 price target.

Based on Lightspeed POS Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$12.17 million. In comparison, last year the company had a GAAP net loss of C$10.71 million.

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 last Friday at C$31.04.