BTIG raised the firm’s price target on Lightspeed (LSPD) to $16 from $14 and keeps a Buy rating on the shares. The company’s Q1 results were well ahead of estimates, and Q2 GP growth was guided to 14%, though FY26 guidance was maintained, the analyst tells investors in a research note. The firm added that it believes Lightspeed’s stock should trade higher, though a lack of guidance raise is a bit disappointing as the company’s growth initiatives are coming together.
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Read More on LSPD:
- Lightspeed Commerce Inc. Reports Strong First Quarter 2026 Financial Results
- Lightspeed sees Q2 revenue ~$305M-$310M, consensus98.77M
- Lightspeed sees FY26 revenue growth of approximately 10%-12%
- Lightspeed reports Q1 adjusted EPS 6c, consensus13c
- Lightspeed price target raised to $12 from $10 at Scotiabank