Lightspeed (LSPD) Soars 1.93% on Seventh Straight Gain

Lightspeed (LSPD) shares surged 1.93% today, marking the seventh consecutive day of gains, with a cumulative increase of 14.72% over the past week. The stock price reached its highest level since February 2025, with an intraday gain of 3.17%.

The strategy of buying LSPD shares after they reach a recent high and selling them a week later delivered moderate returns but underperformed the benchmark significantly. The strategy’s CAGR was 8.63%, trailing the benchmark by 35.68 percentage points. With a maximum drawdown of 46.72% and a Sharpe ratio of 0.18, the strategy indicated a challenging risk-return profile, highlighting the importance of risk management in such a volatile scenario.

Analysts have adjusted their price targets for Lightspeed, with Truist analyst Matthew Coad raising his target from $11 to $12 while maintaining a Hold rating. This adjustment reflects a growing optimism among analysts, who have set an average price target of $14.09 for the stock.

Technical indicators also point to a bullish outlook for Lightspeed. The stock has crossed above its 200-day moving average of $13.14, reaching as high as $13.33. This movement is typically viewed positively by traders, as it suggests a strong upward trend. Additionally, the stock is currently in the upper part of a wide and strong rising trend in the short term, indicating potential for further price increases.

Lightspeed's recent stock performance has been impressive, with a 2.79% gain on the last trading day and six consecutive days of increases. This strong short-term momentum is expected to continue, with analysts predicting a 21.19% rise over the next three months. The recent uptick in stock price may also appease institutional owners, who have seen a decline of 9.3% over the past year.