Lightspeed price target raised to $27 from $25 at Truist

Truist raised the firm’s price target on Lightspeed to $27 from $25 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. Lightspeed is positioned to accelerate durable organic revenue growth in FY25, perhaps to over 30%, as it completes the first phase of its Unified Payments strategy, launches its next leg of conversions in Europe and shifts its sales focus back to new customer creation and software, Truist added.