JP Morgan Maintains Neutral on Lightspeed Commerce, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has maintained a Neutral rating on Lightspeed Commerce (NYSE:LSPD) but has lowered the price target from $19 to $17.
February 09, 2024 | 9:24 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Lightspeed Commerce but lowered the price target from $19 to $17.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in LSPD's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a revision of the expected future performance of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100