Barclays Maintains Overweight on Lightspeed Commerce, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Lightspeed Commerce (NYSE:LSPD) and increased the price target from $20 to $23, indicating a positive outlook on the company's stock.
January 12, 2024 | 11:10 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays analyst Raimo Lenschow has reaffirmed an Overweight rating on Lightspeed Commerce and raised the price target to $23, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst from Barclays is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. The Overweight rating reaffirms the analyst's positive view on the stock, which could influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100