BTIG Reiterates Buy Rating on Lightspeed POS Inc. (LSPD)

BTIG analyst Andrew Harte reiterated a Buy rating and $21.00 price target on Lightspeed POS Inc. (NYSE: LSPD).

The analyst comments "Around 2:30pm ET today Reuters (TRI, Not Rated) reported that Lightspeed is working with a financial advisor to explore strategic options, including a potential sale of the business. The stock proceeded to trade 13% higher by the end of the trading day. This evening, LSPD responded to the Reuters report stating that it is currently conducting a strategic review of its business and operations with a view to realizing its full potential, including a range of potential strategic alternatives. We have mixed views on whether LSPD may proceed in selling its business — which we discuss in the note below — but at the very least we think the news reports highlight the upside value we see in the company. LSPD trades at a peer-trailing 3.6x NTM EV/GP even after today's 13% move higher and our $21 PT still represents 34% upside potential from current levels."

For an analyst ratings summary and ratings history on Lightspeed POS Inc. click here. For more ratings news on Lightspeed POS Inc. click here.

Shares of Lightspeed POS Inc. closed at $15.68 yesterday.

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