Globe says Lightspeed Commerce kept at "outperformer"
2025-01-07 08:14 ET - In the News
The Globe and Mail reports in its Tuesday, Jan. 7, edition that CIBC World Markets analyst Todd Coupland is sticking with his "outperformer" ranking and $35 share target for Lightspeed Commerce. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $27.36. Mr. Coupland says in a note: "Lightspeed is recommended due to its recent focus on complex retail in North America and hospitality in Europe. We expect this inflection to yield higher F2026 subscription software revenue growth and profitability. We also expect the ongoing strategic review could result in a going-private outcome." The Globe reported on Sept. 18 that Benchmark analyst Mark Palmer had reaffirmed his "buy" recommendation for Lightspeed Commerce. The shares could then be had for $17.88. The Globe reported on Sept. 27 that BMO Capital Markets analyst Thanos Moschopoulos was sticking with his "outperform" call on Lightspeed Commerce. The shares could then be had for $22.36.