Lightspeed POS Inc. (LSPD) Short Report 'Backward Looking' - RBC

RBC Capital analyst Daniel Perlin weighed in on Lightspeed POS Inc. (NYSE: LSPD) with share down 10% on a short report.

"In aggregate, we believe the short report appears to be backward looking and does not take into consideration the two major forward benefits including 1) the continued benefit from an economic reopening and 2) the longer-term payment monetization opportunity," Perlin commented.

The firm reiterated an Outperform rating and $114.00 price target on LSPD.

For an analyst ratings summary and ratings history on Lightspeed POS Inc. click here. For more ratings news on Lightspeed POS Inc. click here.

Shares of Lightspeed POS Inc. closed at $112.50 yesterday.

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