Barclays has revised its price target for Lightspeed (LSPD, Financial), reducing it from $13 to $12, while maintaining an Equal Weight rating on the stock. This adjustment comes as part of the firm’s preview for the first-quarter earnings in the U.S. software industry.
The firm anticipates that the upcoming Q1 earnings won't act as a significant driver for the sector. While initial channel checks reveal weaker performance, they are not disastrous. Despite this, the focus for investors will likely be on the forward guidance provided by companies. Barclays suggests that due to Q1's limited impact, there may not be substantial revisions to financial projections.
In the current environment, Barclays anticipates that a clearer picture for the sector, and potentially for Lightspeed, might not emerge until the second quarter. As a result, stakeholders might remain in a wait-and-see mode until further developments unfold in the Q2 period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Lightspeed Commerce Inc (LSPD, Financial) is $14.40 with a high estimate of $20.53 and a low estimate of $9.00. The average target implies an upside of 55.12% from the current price of $9.28. More detailed estimate data can be found on the Lightspeed Commerce Inc (LSPD) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Lightspeed Commerce Inc's (LSPD, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lightspeed Commerce Inc (LSPD, Financial) in one year is $24.83, suggesting a upside of 167.56% from the current price of $9.28. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lightspeed Commerce Inc (LSPD) Summary page.
