BofA reinstates Lightspeed with an Underperform amid transition

As previously reported, BofA analyst Matt Bullock reinstated coverage of Lightspeed (LSPD) with an Underperform rating and $10 price target The company has pivoted to higher-quality growth markets, such as North American retail and European hospitality, and while the firm views the shift as “directionally positive,” reported results remain constrained by ongoing headwinds in the non-core portfolio and expects Lightspeed shares to remain range-bound in the near term.