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Lightspeed price target lowered to $11 from $13 at Piper Sandler

Lightspeed price target lowered to $11 from $13 at Piper Sandler

Piper Sandler lowered the firm’s price target on Lightspeed (LSPD) to $11 from $13 and keeps a Neutral rating on the shares. While the company’s three-year targets are encouraging, the firm believes they are also ambitious and investors are unlikely to embed full achievement of these targets today, especially if growth headwinds in Q4 were acute enough to prompt preannouncement to FY25 growth.

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