Wells Fargo Maintains Equal-Weight on Lightspeed Commerce, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has maintained an Equal-Weight rating on Lightspeed Commerce (LSPD) but lowered the price target from $20 to $17.
February 09, 2024 | 2:44 pm
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Wells Fargo has maintained an Equal-Weight rating on Lightspeed Commerce but lowered the price target from $20 to $17.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in LSPD's stock price. The Equal-Weight rating suggests that the stock's performance is expected to be in line with the sector, but the lowered price target indicates a revision of the stock's future valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100