RBC Capital Maintains Outperform on Lightspeed Commerce, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Daniel Perlin maintains an Outperform rating on Lightspeed Commerce (NYSE:LSPD) but lowers the price target from $21 to $20.
August 02, 2024 | 8:14 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Lightspeed Commerce but lowers the price target from $21 to $20. This suggests continued confidence in the company's performance despite a slight reduction in expected valuation.
The Outperform rating indicates positive sentiment towards Lightspeed Commerce's future performance. However, the slight reduction in the price target suggests some caution, likely due to market conditions or company-specific factors. Overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100