BTIG lowered the firm’s price target on Lightspeed (LSPD) to $15 from $16 and keeps a Buy rating on the shares. Lightspeed’s Q3 report showed a key positive inflection with 2.6k net customer adds from core growth markets, signaling improving execution, but softer Q4 guidance implying 12% gross profit growth versus 15% in Q3 raised concerns, as it appears conservative and misaligned with reported operating momentum, tempering confidence in longer-term growth targets, the analyst tells investors in a research note.
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