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Investing.com - Jefferies raised its price target on Lightspeed POS Inc. (NYSE:LSPD) to $14.00 from $13.00 on Thursday, while maintaining a Hold rating on the stock. The new target sits close to LSPD’s current trading price of $13.44, though InvestingPro data suggests the stock may be undervalued based on its Fair Value calculation, with analyst targets ranging from $12 to $16.
The price target adjustment follows what Jefferies described as "another quarter of broad-based beats" across revenue, gross profit, and EBITDA metrics for the payment technology company. This performance aligns with InvestingPro data showing that five analysts have revised their earnings upwards for the upcoming period, with the company expected to report its next earnings on November 6.
Jefferies noted that Lightspeed’s gross transaction volume (GTV) continues to accelerate, reaching its best level of same-store sales since March 2023, while location growth in the company’s two focus verticals is ramping up, supported by investments in outbound sales.
Despite raising its fiscal year guidance, Lightspeed’s implied deceleration in the second half of the fiscal year positions the company to continue its streak of quarterly beats, according to Jefferies.
The firm expects Lightspeed’s software growth to slow as it laps fiscal year 2025 pricing actions, contributing to the projected margin step-down in coming quarters.
In other recent news, Lightspeed Commerce Inc. has been the subject of various analyst assessments and strategic developments. RBC Capital maintained its Outperform rating with a $15.00 price target, highlighting positive transformation efforts and a 5% year-over-year growth in key markets. Meanwhile, TD Cowen resumed coverage of Lightspeed with a Hold rating and a $13.00 price target, noting the company’s strategy to expand customer locations. Freedom Capital Markets also initiated coverage with a Hold rating and a $12.00 price target, recognizing Lightspeed’s diversification and revenue growth.
Additionally, Lightspeed announced the appointment of Sameer Samat from Google and fintech executive Odilon Almeida to its board, effective October 2025, as part of its focus on profitable growth. In a separate development, Nordstrom expanded its partnership with NuORDER by Lightspeed to enhance data capabilities, aiming to improve merchandise assortment and customer experience. The collaboration will focus on creating a universal catalog of product information, which streamlines operations for Nordstrom. These recent developments reflect Lightspeed’s ongoing strategic initiatives and market positioning.
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