BTIG keeps a Buy rating on Lightspeed Commerce with a $21 price target after the company announced its founder and former CEO Dax Dasilva has been reappointed as interim CEO. Dasilva stated his vision for Lightspeed is to cultivate a business model that fosters growth and prioritizes profitability, which should be well-received by investors, the analyst tells investors in a research note. The firm acknowledges that investors have lost confidence in Lightspeed given the tweak in strategy announced last week, so it expects Dasilva “to be prudent in building back investor trust.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LSPD:
- Lightspeed price target lowered to C$35 from C$43 at Raymond James
- PayPal downgraded, United Airlines upgraded: Wall Street’s top analyst calls
- Lightspeed downgraded to Hold at TD Securities as FY25 ‘looks challenging’
- Lightspeed price target lowered to $17 from $20 at Wells Fargo
- Lightspeed downgraded to Hold from Buy at TD Securities
