Best Momentum Stocks to Buy for June 7th
TXRH, MNSO and LSPD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 7, 2024.
Wall Street Analysts Think Lightspeed POS (LSPD) Could Surge 35.73%: Read This Before Placing a Bet
The mean of analysts' price targets for Lightspeed POS (LSPD) points to a 35.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Lightspeed POS (LSPD) Upgraded to Strong Buy: Here's What You Should Know
Lightspeed POS (LSPD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Wall Street Analysts See a 28.34% Upside in Lightspeed POS (LSPD): Can the Stock Really Move This High?
The mean of analysts' price targets for Lightspeed POS (LSPD) points to a 28.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Lightspeed Commerce Inc. (LSPD) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Lightspeed POS (LSPD). This makes it worthwhile to examine what the stock has in store.
Will Lightspeed POS (LSPD) Gain on Rising Earnings Estimates?
Lightspeed POS (LSPD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Lightspeed Commerce Inc. (TSE:LSPD) Receives C$24.94 Consensus Price Target from Analysts
Lightspeed Commerce Inc. (TSE:LSPD – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$25.50. LSPD has been the topic of a number of research reports. ATB Capital lowered their target price on Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. CIBC boosted their price objective on Lightspeed Commerce from C$25.00 to C$26.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James lowered their price objective on Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. National Bankshares lifted their target price on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Cormark increased their price target on Lightspeed Commerce from C$26.00 to C$26.50 in a research report on Friday. Check Out Our Latest Research Report on LSPD Lightspeed Commerce Trading Up 2.1 % LSPD opened at C$20.99 on Friday. Lightspeed Commerce has a 1-year low of C$16.94 and a 1-year high of C$28.73. The company has a market cap of C$3.22 billion, a P/E ratio of -11.47 and a beta of 2.67. The company has a fifty day moving average price of C$18.50 and a two-hundred day moving average price of C$21.28. The company has a current ratio of 6.22, a quick ratio of 6.05 and a debt-to-equity ratio of 0.96. Lightspeed Commerce Company Profile (Get Free Report Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc. Read More Five stocks we like better than Lightspeed Commerce Stock Trading Terms – Stock Terms Every Investor Needs to Know MarketBeat Week in Review – 5/13 – 5/17 What is the Dow Jones Industrial Average (DJIA)? Take-Two Interactive Software Offers 2nd Chance for Investors Learn Technical Analysis Skills to Master the Stock Market Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
Will Lightspeed POS (LSPD) Gain on Rising Earnings Estimates?
Zacks Equity Research Tale of the Tape Lightspeed Commerce Inc. (LSPD Quick QuoteLSPD - Free Report) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.Consensus earnings estimates for the next quarter and full year have moved considerably higher for Lightspeed POS, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:12 Month EPSCurrent-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $0.04 per share, which is a change of +500% from the year-ago reported number.Over the last 30 days, one estimate has moved higher for Lightspeed POS compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 13.82%.Current-Year Estimate RevisionsThe company is expected to earn $0.19 per share for the full year, which represents a change of +18.75% from the prior-year number.The revisions trend for the current year also appears quite promising for Lightspeed POS, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 10.56%.Favorable Zacks RankThanks to promising estimate revisions, Lightspeed POS currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.Bottom LineLightspeed POS shares have added 19.3% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
Lightspeed CEO on Helping Smaller Merchants Challenge Industry Goliaths
Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes.
Lightspeed Commerce Inc. (LSPD) Recently Broke Out Above the 20-Day Moving Average
Lightspeed Commerce Inc. (LSPD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LSPD broke through the 20-day moving average, which suggests a short-term bullish trend.
Lightspeed Commerce Inc. (LSPD) Recently Broke Out Above the 50-Day Moving Average
From a technical perspective, Lightspeed Commerce Inc. (LSPD) is looking like an interesting pick, as it just reached a key level of support. LSPD recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Lightspeed Commerce Inc. (LSPD) Q4 Earnings and Revenues Surpass Estimates
Lightspeed Commerce Inc. (LSPD) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to break-even earnings per share a year ago.
