Thu Sep 19 06:23:11 UTC 2024: ## Lightspeed Commerce (LSPD) Receives “Buy” Rating from Benchmark, Stock Up 49.98%

**New York, NY -** Lightspeed Commerce (NYSE:LSPD), a provider of cloud-based software and payment solutions for small and mid-sized businesses, received a “Buy” rating and a $20.00 price target from Benchmark analysts on Tuesday. This represents a potential upside of 49.98% from the company’s previous close.

The analysts’ optimism is fueled by Lightspeed’s recent strong financial performance. In its latest earnings report, the company beat analysts’ estimates for both earnings per share and revenue. Revenue grew 27.3% year-over-year, demonstrating the company’s continued growth trajectory.

While Benchmark’s bullish stance is noteworthy, other analysts offer a more cautious view. UBS Group maintained a “Neutral” rating while raising their price target to $18.00, while Jefferies Financial Group lowered their price target to $20.00 and assigned a “Hold” rating.

Overall, the consensus rating for Lightspeed Commerce remains at “Hold” with a consensus price target of $18.65. However, with Benchmark’s bullish call, investors are likely to keep a close eye on the company’s performance going forward.

**Institutional Investors Remain Engaged**

Several institutional investors and hedge funds have shown interest in Lightspeed Commerce in recent months. Susquehanna Fundamental Investments LLC, Mackenzie Financial Corp, The Manufacturers Life Insurance Company, Toronto Dominion Bank, and Marshall Wace LLP all increased their holdings in the company during the second quarter. This suggests continued confidence in the company’s long-term prospects.

**Looking Ahead**

Lightspeed Commerce is poised to benefit from the ongoing shift towards digital commerce. The company’s comprehensive suite of solutions addresses the needs of small and mid-sized businesses, who are increasingly reliant on technology to manage operations and engage with customers. As the company continues to execute its growth strategy, investors will be closely watching to see if the stock can live up to Benchmark’s optimistic price target.

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