Lightspeed price target lowered to $12 from $15 at BTIG

BTIG lowered the firm’s price target on Lightspeed (LSPD) to $12 from $15 and keeps a Buy rating on the shares. Lightspeed shares appear to have sold off too sharply following solid Q4 results and FY27 guidance that already reflects macroeconomic caution, while the Upserve divestiture complicates comparisons but still leaves guidance modestly ahead of adjusted consensus expectations and supports the company’s history of outperforming initial forecasts, the analyst tells investors in a research note.