Piper Sandler analyst Clarke Jeffries raised the firm’s price target on Lightspeed (LSPD) to $17 from $15 and keeps a Neutral rating on the shares. Exiting Q2 2025, Lightspeed will be full steam ahead on re-pivoting back to software-centric selling, the firm notes. As such, the company expects the second half of the year subscription revenue to return to 8%-10% year-over-year growth, driven by expanding outbound sales, new software modules, select price increases to software, and returning the majority of account managers to software selling. With a pending strategic review, deal speculation is likely to overtake fundamentals for the time being and based on the company’s decision to cancel the upcoming Analyst Day – a catalyst in terms of new targets is unlikely to come soon, Piper adds.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSPD:
- BofA moves to No Rating on Lightspeed after Capital Markets Day canceled
- Lightspeed Commerce Reports Strong Q2 Financial Growth
- Lightspeed raises FY25 adjusted EBITDA view to minimum of $50M
- Lightspeed reports Q2 adjusted EPS 13c, consensus 11c
- Lightspeed to Discuss Q2 2025 Earnings on November Call