Lightspeed takeout would not be a surprise, says Barclays

Barclays keeps an Overweight rating on Lightspeed with a $20 price target after Reuters reported the company is working with a financial advisor to explore a potential sale. Given the stock’s valuation levels and the host of assets under Lightspeed’s umbrella, Barclays “would not be overly surprised if this were true, particularly with new management leaning into a more profitable model over the last few quarters,” the analyst tells investors in a research note.