Lightspeed price target lowered to $14 from $17 at BTIG

BTIG lowered the firm’s price target on Lightspeed (LSPD) to $14 from $17 and keeps a Buy rating on the shares. The tone of the company’s Capital Markets Day was cautiously positive as the management’s FY28 three-year gross profit CAGR target was slightly better than consensus, but FY26 is challenged from a macro standpoint, the analyst tells investors in a research note. BTIG adds that its reduced price target accounts for the uncertainty in the year ahead but also believes that the stock’s depressed valuation compared to its historical average and peers presents an attractive risk/reward.