BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Lightspeed POS Inc (LSPD – Research Report) yesterday and set a price target of $15.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Thanos Moschopoulos’s rating is based on Lightspeed POS Inc’s financial performance and strategic decisions, which suggest a positive outlook for the company. The company reported revenue and EBITDA figures that were close to expectations, with a notable year-over-year increase in EBITDA. The growth in software revenue, supported by price increases, and improved metrics in key transaction segments indicate a strong underlying business momentum.
Furthermore, despite currency headwinds affecting revenue guidance, the company’s focus on North American retail and European hospitality markets, along with its decision to remain public, showcases a commitment to long-term growth. The planned stock repurchase also signals confidence from the management. Overall, the risk/reward profile appears favorable, especially considering the forecasted increase in profitability driven by enhanced payments penetration and software growth.
Moschopoulos covers the Technology sector, focusing on stocks such as Celestica, CGI, and Open Text. According to TipRanks, Moschopoulos has an average return of 19.1% and a 62.84% success rate on recommended stocks.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $21.00 price target.