Lightspeed price target lowered to $15 from $18 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Lightspeed (LSPD) to $15 from $18 and keeps an Equal Weight rating on the shares. The company delivered on its promise to accelerate software growth in Q3, though payments was weaker than expected, as was the Q4 guidance, due to currency and go-to-market headwinds, the analyst tells investors in a research note. The firm says Lightspeed is leaning even further into its core competencies post the strategic review, which should stabilize growth over the long run.