RBC Capital Markets lowered its price target on Lightspeed Commerce Inc. (LSPD.TO, LSPD) to US$15 from US$20.
Analyst Danial R. Perlin maintained an Outperform rating on shares of the Canadian point-of-sale and e-commerce software provider ahead of its Capital Markets Day on Wednesday.
Perlin said this event will likely cover "recently revised FY25 guidance, which took down its revenue outlook, but maintained its adj. EBITDA target; its pivot to focus on NA Retail and European Hospitality and associated GTM investments; its product roadmap, emphasizing software; mechanics to drive profitable growth, inclusive of adj. EBITDA & FCF profitability; and medium-term guidance, for which we expect at least mid-teens revenue growth, with margins expanding 80bps-100bps per year, and a greater emphasis on gross profit growth than before."
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