Piper Sandler Maintains Neutral Rating for Lightspeed Commerce: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating on Lightspeed Commerce (NYSE:LSPD) but reduced its price target from $20.00 to $18.00. Despite this, LSPD shares have risen 1.35% in the last 24 hours to $15.00. An increase to the new target price would represent a 20% gain. Lightspeed Commerce offers an omni-channel commerce-enabling SaaS platform, primarily generating revenue from the U.S.
February 09, 2024 | 5:00 pm
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Piper Sandler maintains a Neutral rating on Lightspeed Commerce but lowers its price target from $20 to $18. Shares have increased 1.35% to $15, indicating potential for further growth.
The maintenance of a Neutral rating combined with a slight decrease in the price target suggests a cautious but not pessimistic outlook from Piper Sandler. The recent share price increase indicates positive market reaction, potentially leading to short-term growth towards the new target price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100