Down -9.68% in 4 Weeks, Here's Why You Should You Buy the Dip in Lightspeed POS (LSPD)

Core Viewpoint - Lightspeed Commerce Inc. (LSPD) has experienced a significant downtrend with a 9.7% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - LSPD's stock has been under heavy selling pressure, leading to an RSI reading of 27.05, indicating it is oversold [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, typically when the RSI falls below 30 [2][3]. Group 2: Earnings Estimates and Analyst Consensus - There is a strong consensus among sell-side analysts regarding LSPD, with earnings estimates for the current year increasing by 500% over the last 30 days [6]. - LSPD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential for price appreciation [7].