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Wednesday, 06/09/2021 5:21:44 PM

Wednesday, June 09, 2021 5:21:44 PM

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Lightspeed - >>> 5 Top Canadian Stocks to Buy Right Now With $500

Motley Fool


I expect Lightspeed POS (TSX:LSPD)(NYSE:LSPD) stock to grow enormously over the next decade, reflecting stellar demand for its omnichannel payment platform, positive secular industry trends, and new product launches. Further, growth in its customer base, adoption of its multiple modules, expansion in the high-growth markets augurs well for future growth.

Lightspeed stock is also likely to get a solid boost from its capital allocation strategy. Its recent acquisitions are likely to bolster its growth rate and drive its stock higher. I believe the momentum in its base business, ability to grow inorganically, and increasing average revenue per user provides a long runway for growth.