Lightspeed Commerce Inc. closed lower than broader market, but analysts expect strong earnings growth.

From Nasdaq: 2024-06-14 18:00:11

Lightspeed Commerce Inc. (LSPD) closed at $14.67 with a -1.21% shift, underperforming the S&P 500 and Dow while outperforming Nasdaq. Analysts expect earnings to grow by 800% to $0.07 per share and revenue to rise by 23.55% to $258.34 million. The stock holds a Zacks Rank #2 (Buy).

Despite its strong growth potential, Lightspeed Commerce Inc. trades at a premium with a Forward P/E ratio of 51.5 and a PEG ratio of 1.54. The Technology Services industry is in the top 27%, with an average PEG ratio of 1.54. Zacks recommends monitoring these metrics closely for potential investment opportunities.

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Read more at Nasdaq: Lightspeed Commerce Inc. (LSPD) Dips More Than Broader Market: What You Should Know