FINWIRES · TerminalLIVE
FINWIRES

RBC Trims Lightspeed Commerce Price Target to US$10.00, Maintains Outperform Rating

By

RBC Capital Markets on Friday cut its price target on the shares of Lightspeed Commerce (LSPD.TO) by US$3.00 to US$10.00 and maintained its outperform rating after the company reported its fiscal fourth-quarter earnings.

According to analyst Daniel Perlin, while fiscal fourth-quarter results came in better than expected, he believes first-quarter guidance was "optically" disappointing to the Street, as models were likely not calibrated for the Upserve divestiture's guidance impact, and thus is weighing on the shares.

Still, the positive mix shift to faster growing growth markets, which now account for ~75% of total revenues, and likely reaching ~80% by YE FY27, should help drive revenue acceleration throughout the year, as FY27 guidance is weighted to the second half, Perlin said.

Incorporating the results and guidance, Perlin has tweaked FY27 revenue/adj. EBITDA estimates to US$1.26 billion/US$87 million from US$1.36 billion/US$98 million.

Price: $11.84, Change: $+0.31, Percent Change: +2.69%

Related Articles

Mining & Metals

Cassiar Gold Raises $5.5 Million as It Closes a Private Placement Offering of Flow-Through Units

Cassiar Gold (GLDC.V) on Friday said it closed a non-brokered private placement offering, raising $5.5 million.The company placed 7.3-million flow-through units at $0.76 apiece and made up of a tax-advantaged share and a 22-month warrant to buy a share for $0.65.Proceeds will be used to fund ongoing and future exploration and drill programs at its flagship Cassiar Gold project in northern British Columbia.Shares of the company were last seen down $0.01 to $0.50 on the TSX Venture Exchange.Price: $0.50, Change: $-0.01, Percent Change: -1.96%

$GLDC.V
Mining & Metals

New Break Resources Announces Receipt of DTC Eligibility in the United States

New Break Resources' (NBRK.CN) on Friday said its shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC).The company's shares recently began trading on the OTCQB Venture Market under the ticker symbol NBRKF."Achieving DTC eligibility reflects our commitment to building New Break into a company that is accessible to investors across North America and Europe," said Michael Farrant, President of New Break. "Our recently announced results from 2026 drilling, point to our Moray gold project, located in the famed Ontario Abitibi greenstone belt, as having the potential to grow into a significant gold deposit along the lines of the Young-Davidson gold mine, located 32 km to the southeast of Moray and operated by Alamos Gold Inc. We know that U.S. investors see immense value in investing in a gold discovery of Moray's calibre, located in one of the best mining jurisdictions in the world, and we want those investors to be able to participate easily and efficiently in New Break's growth story."The company's shares were last seen up $0.01 to $0.25 on the Canadian Securities Exchange.Price: $0.25, Change: $+0.01, Percent Change: +4.17%

$NBRK.CN
Mining & Metals

Osisko Development Now Off Restriction at National Bank of Canada

National Bank of Canada on Friday reiterated its outperform rating on the shares of Osisko Development (ODV.V) with a C$8.00 price target as it came off restriction after the miner priced a US$275.0 million notes offering.The offering consists of 4.125% convertible senior notes due 2031 at US$3.68, a 25% conversion premium to the May 20 close price being offered as a private placement to qualified institutional buyers.Osisko also granted initial purchasers of the notes an option to purchase up to an additional US$25.0 million.The offering and the private placement are expected to close May 26 and May 29, respectively.Price: $3.72, Change: $-0.04, Percent Change: -1.06%

$ODV.V