RBC Capital analysts reiterated an Outperform rating and $21.00 price target on Lightspeed POS Inc. (NYSE:LSPD).
The analysts comment "We are reiterating our Outperform rating after hosting management meetings with LSPD's CFO and Head of IR, which we felt tilted positively and provided the following takeaways: 1) the software growth algorithm remains strong and is supported by an improving sales motion and pricing increases; 2) payments penetration will continue to march higher as LSPD finds success with European merchants; 3) LSPD differentiates from many of its perceived peers by focusing on a specific type of merchant; and 4) the most important in our view, that LSPD is deeply focused on driving profitable growth in FY25."