#Lightspeed vc analyst software#
“The firm’s transition toward becoming an integrated software and payments vendor could result in a multi-year period of accelerating revenue growth as it expands the availability of Lightspeed Payments into new regions and vertical markets. “We are positive on Lightspeed’s long-term vision of positioning itself as a leading software as a service (SaaS) provider in the SMB-focused retail and restaurant market,” he said. The average target on the Street is US$111.56, according to Refinitiv data. Steep did trim his target for Lightspeed shares to US$103 from US$121.
Key risks for the stock are: the potential for on-lock-downs to slow location growth near-term, the impact of macro supply chain issues on LSPD’s retail clients, and uptake of LSPD payments in new region.” We would expect that the firm’s shares are likely to remain highly volatile on a quarterly basis given: the ongoing impact of COVID-19 (shutdowns and supply chain disruptions), and uncertainty driven by a recent short report. Our scenario analysis indicates that reward to risk appears favourable given sell-off.
“We believe that there is a near-term opportunity in Lightspeed’s shares given that the firm is forecast to continue to deliver year-over-year growth. “Concerns centered on lower-than-expected organic location growth (up 3,000 locations quarter-over-quarter) given ongoing lockdowns and the impact retail customers could face from supply chain issues on holiday sales,” said Mr. However, its near-term revenue forecast disappointed investors as supply chain disruptions, COVID-19-related disruptions in Asia and normal seasonality are expected to weigh. Before the bell on Thursday, the Montreal-based point-of-sale and e-commerce software provider reported better-than-expected second-quarter results, featuring strong sales growth.
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