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Lightspeed price target lowered to $18 from $20 at BofA

Lightspeed price target lowered to $18 from $20 at BofA

BofA lowered the firm’s price target on Lightspeed (LSPD) to $18 from $20 and keeps a Buy rating on the shares after attending the company’s Capital Markets Day. While the firm liked what it learned about the strategy for the company’s two key growth vectors, its FY28 financial targets and its capital allocation strategy, BofA notes that the business is facing increased macro headwinds, driving a lower FY25 growth outlook and prompting the firm to lower its forecasts.

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