Scotiabank lowered the firm’s price target on Lightspeed (LSPD) to $17 from $19 and keeps an Outperform rating on the shares. A challenging macro has led to weaker-than-expected results in February and March, leading to the company to lower it revenue outlook for FY25, the analyst tells investors. The firm is lowering its price target on the stock given the softer GTV trends compared to its peers.
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