Lightspeed price target lowered to $20 from $23 at Barclays

Barclays lowered the firm’s price target on Lightspeed to $20 from $23 and keeps an Overweight rating on the shares. The company’s fiscal Q3 results saw nice improvement on the payments strategy and further room for upside, given the still only 29% penetration, the analyst tells investors in a research note. However, the firm says transaction volume was down quarter-over-quarter which came as a surprise, and will likely raise some near-term questions around end-market health and industry dynamics.