Lightspeed Commerce Settles Quebec Class Action Lawsuit

Lightspeed POS Inc ( (TSE:LSPD) ) just unveiled an announcement.

Lightspeed Commerce Inc. announced a settlement agreement to resolve a class action lawsuit filed in Quebec, following the dismissal of a similar case in the U.S. The settlement, pending approval by the Superior Court of Quebec, involves a payment of approximately $8.09 million, with no admission of liability by Lightspeed. This resolution allows Lightspeed to focus on its strategic growth and transformation goals, aiming to enhance its market position and deliver exceptional customer experiences.

The most recent analyst rating on (TSE:LSPD) stock is a Buy with a C$29.00 price target. To see the full list of analyst forecasts on Lightspeed POS Inc stock, see the TSE:LSPD Stock Forecast page.

Spark’s Take on TSE:LSPD Stock

According to Spark, TipRanks’ AI Analyst, TSE:LSPD is a Neutral.

Lightspeed POS Inc shows strong revenue growth and a solid financial structure, but profitability and cash flow challenges persist. Technical indicators and valuation metrics suggest caution, while strategic initiatives and corporate events provide positive signals. Overall, the score reflects a balanced view of opportunities and challenges facing the company.

To see Spark’s full report on TSE:LSPD stock, click here.

More about Lightspeed POS Inc

Lightspeed Commerce Inc. is a POS and payments platform that serves retail and hospitality businesses in over 100 countries. The company offers omnichannel technology solutions, including point of sale, ecommerce, embedded payments, and more, to help businesses grow and enhance customer experiences. Founded in Montreal, Canada, in 2005, Lightspeed is listed on both the New York Stock Exchange and Toronto Stock Exchange.

Average Trading Volume: 669,577

Technical Sentiment Signal: Sell

Current Market Cap: C$2.04B

See more data about LSPD stock on TipRanks’ Stock Analysis page.