Barclays analyst Raimo Lenschow lowered the firm’s price target on Lightspeed (LSPD) to $13 from $15 and keeps an Equal Weight rating on the shares. The firm says that with the ongoing macro uncertainty, it sees increased nervousness for the upcoming software Q1 earnings. However, many names have growth assumptions below the past three years, “which offers some comfort,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSPD:
- Lightspeed price target lowered to $18 from $20 at BofA
- Lightspeed POS Inc: Strategic Growth Focus and Financial Ambitions Drive Buy Rating
- Lightspeed price target lowered to $14 from $17 at BTIG
- Strategic Refocus and Growth Targets Drive Buy Rating for Lightspeed POS Inc
- Lightspeed price target lowered to $11 from $13 at Piper Sandler