Lightspeed initiated with neutral view at Redburn Atlantic, here’s why

Redburn Atlantic analyst Dominic Ball initiated coverage of Lightspeed with a Neutral rating and $17 price target. The analyst likes Lightspeed’s unified strategy, which the firm says provides clearer foresight into the derivation of future growth. However, Redburn sees “question marks” over Lightspeed’s organic growth and says the adoption of its software modules has lagged vertical-specific peers such as Toast.