In a report released yesterday, Andrew Harte from BTIG maintained a Buy rating on Lightspeed POS Inc, with a price target of $16.00.
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Andrew Harte has given his Buy rating due to a combination of factors that highlight Lightspeed POS Inc’s potential for growth and market differentiation. The company has made significant strides in refining its business strategy, which has started to resonate positively with investors. The appointment of a new Chief Revenue Officer, Gabe Benavides, who has a proven track record of scaling sales teams, is expected to enhance the company’s go-to-market strategy, particularly in mid-market opportunities.
Additionally, Lightspeed’s focus on expanding its sales team and its unique positioning in both North American retail and European hospitality markets are seen as key competitive advantages. The company is benefiting from favorable macroeconomic conditions and its exposure to high-end retailers, which supports its growth narrative. The valuation, based on solid growth estimates and financial metrics, further justifies the Buy rating with a price target of $16, reflecting confidence in the company’s future performance.
According to TipRanks, Harte is a 4-star analyst with an average return of 8.3% and a 33.33% success rate. Harte covers the Technology sector, focusing on stocks such as Bill.com Holdings, Exodus Movement, Inc. Class A, and Par Technology.
In another report released on November 9, Bank of America Securities also reiterated a Buy rating on the stock with a $17.00 price target.