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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Read More on LSPD:
- Lightspeed downgraded to Sector Perform from Outperform at ATB Capital
- Lightspeed price target lowered to $16 from $21 at Benchmark
- Lightspeed expects to reach $700M in gross profit by FY28
- Lightspeed approves share repurchase authorization of additional $95M
- Lightspeed price target lowered to $15 from $20 at RBC Capital