BofA analyst Koji Ikeda moved the firm’s rating on Lightspeed (LSPD) to a Buy with a $20 price target from No Rating, citing the belief that the drawdown in the stock following the conclusion of its strategic review announced on February 6, in which the company elected to stay public, has created “a risk/reward too attractive to ignore.” The digital commerce platform vendor is focusing on profitable growth, moving the story to adjusted EBITDA generation from revenue growth, notes the analyst, who sees upside potential.
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