Bond.az - BTIG lowered its price target on Lightspeed POS Inc. (NYSE:LSPD) to $12 from $15, maintaining a Buy rating. The stock currently trades at $8.38, down 26% year-to-date.
The company guided fiscal 2027 organic gross profit growth of 12% to 16%, compared to 16.6% in fiscal 2026. Lightspeed previously targeted a 15-18% CAGR between 2025 and 2028.
Lightspeed reported fiscal 2026 total location growth of 4% YoY, while growth market locations increased 11%. The company divested its Upserve business.
BTIG noted the midpoint of Lightspeed's fiscal 2027 guidance stands at $575 million in gross profit. Prior consensus estimates of $592 million should be adjusted to $568 million after removing Upserve's contribution.
