BTIG analysts reaffirmed a Buy rating on Lightspeed Commerce (NYSE:LSPD) and increased the stock’s price target to $24, up from $20.
The analysts emphasized to investors the strong outlook of Lightspeed, particularly noting the beneficial effects of the Lightspeed Payments initiative on the company’s profit and loss statement. They believe that the initiative is being received more favorably by customers than some investors anticipated. The analysts’ valuation, based on cautious estimates for the fiscal year 2027 ending in March, reflects this optimism.
Despite LSPD trading near its 52-week high and already surpassing the previous target of $20, The analysts see further potential for growth. They attribute this to the company’s successful implementation of its Lightspeed Payments strategy and its shift towards engaging with higher Gross Transaction Value (GTV) merchants.
Additionally, the analysts pointed out the increasing influence of consumer spending trends on the company’s revenue, suggesting a positive trajectory for Lightspeed’s financial performance.