UPDATE: SMBC Nikko Securities Starts Lightspeed POS Inc. (LSPD) at Neutral
(Updated - November 3, 2021 9:12 AM EDT)
SMBC Nikko Securities analyst Andrew Bauch initiates coverage on Lightspeed POS Inc. (NYSE: LSPD) with a Neutral rating, PT $110.00.
The analyst comments "We see a path for +30% organic growth for several years driven by (1) 10-15% location growth; (2) ~10% in software monetization, and (3) >20% from the ongoing shift of merchants to LSPD’s in-house payment solution. That said, we believe much of this growth formula is well understood at this time. Our calendar YE’22 PT of $110 is predicated on 33x our CY 2023 gross profit of $457mm."
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 $97.48 yesterday.