$LSPD.TO

BMO Keeps Outperform, US$12.00 Price Target on Lightspeed Commerce Shares After Q4 Earnings, Outlook

BMO Capital Markets is maintaining an outperform rating and US$12.00 price target on the shares of Lightspeed Commerce (LSPD.TO) after the company reported its fourth-quarter results.According to analyst Thanos Moschopoulos, Lightspeed's quarterly results were consistent with the pre-announcement.The company's Q1/27 and FY2027 revenue guidance, were in line, when adjusting for the Upserve divestment."We're encouraged by the accelerating revenue and location growth that LSPD is demonstrating within its core markets, which now represent 75% of its revenue mix, and continue to view valuation as attractive."Price: $12.28, Change: $+0.44, Percent Change: +3.72%

CIBC Lowers Lightspeed Commerce's Price Target to C$25.00 From C$30.00

CIBC Capital Markets reduced its price target on the shares of Lightspeed Commerce (LSPD.TO) to C$25.00 from C$30.00 after the company reported its fourth-quarter results on May 21.CIBC has an outperformer rating on the shares of the company.Lightspeed's fourth quarter was "largely in line, but softer Q1/F2027 guidance pressured the shares", stated CIBC."The more important takeaway, in our view, is that the medium-term setup improved: F2028 gross profit, EBITDA margin, and free cash flow targets moved above Street expectations, the portfolio is cleaner post-Upserve, and growth engines now account for 75% of revenue with a path to 80% by the end of F2027," said CIBC.Net location adds also accelerated in Q4, supported by outbound sales expansion, while AI and agentic tools add longer-term upside to mix, monetization, and differentiation, noted CIBC.CIBC continues to see "attractive risk/reward", but the turnaround still needs to be proven through execution, it added.According to CIBC, the shares continue to discount limited progress despite improving fundamentals across growth, operating discipline, and cash generation."Our revised C$25 price target is based on ~2x F2027E sales," added CIBC. "With the stock trading at 0.5x EV/C2027E sales versus primary peers at 1.5x (at the median) and the BVP Cloud Index at 3.3x, we see meaningful scope for a multi-quarter re-rating as execution improves."Management is positioning FY27 as an "execution year," with the near-term playbook centered on expanding customer locations, accelerating higher-quality software revenue, and maintaining disciplined adjusted EBITDA, stated CIBC.CIBC sees these levers as "actionable and measurable" quarter-to-quarter, driven primarily by the expanded go-to-market team and product investment rather than by a change in end-market conditions.Price: $12.29, Change: $+0.45, Percent Change: +3.80%

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

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%

Stifel Canada Lowers Lightspeed Commerce Price Target to US$10.00

Stifel Canada has lowered its price target on the shares of Lightspeed Commerce (LSPD.TO) by US$2.00 to US$10.00, and maintained its hold rating, after the company reported its fourth-quarter results on Thursday.Net-new business momentum in growth engine markets (North American retail, European hospitality) is requiring a pull-forward of growth investments, which should support a consistent outlook for double-digit location growth in these core markets and drive more stability in overall location count, writes analyst Suthan Sukumar. Organic growth visibility also appears to be improving.While overall top-line results will remain noisy given the moving pieces with non-core markets and the divestment of Upserve,, underlying KPIs appear to be trending positively, Sukumar adds.Price: $11.96, Change: $+0.43, Percent Change: +3.73%

TSX up 117 Points at Midday, Boosted by Commodities, Utilities

The Toronto Stock Exchange is up 117 points at midday, led by strong gains in commodities and utilities.The energy sector is up 1.6% as oil prices bounce back from Wednesday's plunge. The United States is still waiting on Iran's response to its latest peace proposal, though Reuters reports that Iran will not agree to U.S. demands to end its nuclear program.Crude oil is up US$2.90 to US$101.16 on last look.Utilities is up 1.2%, while the mining sector is up 1%.Healthcare and info tech are the sole decliners, shedding 0.6% and 0.3%, respectively.In stocks, Lightspeed Commerce (LSPD.TO) is 8.8% lower after it reported lower fourth-quarter adjusted earnings, even though revenue advanced 15%.

Lightspeed Lower in U.S. Pre-market Trading, Says Q4 Adjusted Earnings Fall, But Revenue Rises

Lightspeed Commerce (LSPD.TO), down 3.1% in U.S. pre-market trading on last look, said Thursday that fourth-quarter adjusted earnings declined but revenue rose. The company also provided its outlook for fiscal 2027.The company, whose omnichannel platform services the retail, golf and hospitality industries, said that after adjusting for certain items, such as share-based compensation, adjusted earnings contracted to US$11.5 million, or US$0.08 per share, from US$15.0 million, or US$0.10 per share in the previous corresponding quarter. Analysts polled by FactSet had expected $0.11 per adjusted share.Total revenue advanced 15% to US$290.8 million, beating the US$282.9 million forecast. The company said retail in North America and hospitality in Europe reported robust growth, with total revenue growing 24% year-over-year and software revenue increasing 9% year-over-year.The board also approved the renewal of its normal course issuer bid to buy back up to 10% of Lightspeed's public float as part of an overall share repurchase authorization for up to US$400 million.For the fiscal first-quarter, Lightspeed is guiding to revenue of US$305 million to US$315 million representing revenue organic growth of 10% to 14%.The company is expecting fiscal 2027 revenue of between $1.22 billion to US$1.27 billion, for revenue organic growth of 12% to 15%.Lightspeed shares were last seen down US$0.28, to US$8.69, in New York trading.

Lightspeed Says Financial Outlook Supersedes All Prior Statements and Is Based On Current Expectations; Updated Its 3-year Targets Based On Divestment of Upserve

Lightspeed Q4 Adjusted Income of US$11.5M, or $0.08 per share Vs Adjusted Income of $15M, or $0.10 Per Share

Lightspeed Q4 Revenue of US$290.8 Million

Lightspeed Commerce Appoints Bhawna Singh as Chief Technology Officer

Lightspeed Commerce (LSPD.TO) has appointed Bhawna Singh as chief technology officer, the company said on Thursday.Bhawna Singh was most recently chief technology officer at Okta, where she led the technology strategy for a global customer identity platform powering billions of secure authentications. Before that, Singh served as CTO at Glassdoor, where she led global engineering, accelerated international expansion, and delivered data-driven product innovation.Lightspeed has also shipped new capabilities across its Lightspeed Retail and Lightspeed Restaurant, combining AI-powered automation, deeper ecosystem integrations, and enhanced payment and ordering capabilities within its unified platforms, a statement added.Lightspeed shares were last seen unchanged at $9.42 in U.S. pre-market trading. It closed up $0.06, to $12.86 on Wednesday on the Toronto Stock Exchange.

Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity For US$81 Million

Lightspeed Commerce (LSPD.TO, LSPD) sold its non-core Upserve U.S. hospitality product line to Skyview Equity for total cash consideration of up to US$81 million, $37 million of which is subject to an earnout, it said Wednesday.The divestiture is consistent with Lightspeed's strategy to "streamline its portfolio and concentrate on its two core growth engines of retail in North America and hospitality in Europe," it said. The deal encompasses about 3,200 U.S. hospitality Customer Locations and about 70 employees, who are expected to join Skyview in connection with the sale.Lightspeed expects to deliver fiscal fourth quarter and full year fiscal 2026 revenue and gross profit that are ahead of the previously-established outlook and adjusted EBITDA in-line with the previously established outlook. The divestiture is expected to impact the company's three-year financial outlook presented at its Capital Markets Day in March 2025 by about 5% on the absolute value of each of gross profit, adjusted EBITDA and free cash flow for fiscal 2028.The $37 million earnout is structured over 24 months and tied to performance targets, it said. For the $44 million in fixed cash consideration, $20 million was paid at closing, with the vast majority of the balance payable within 90 days.U.S.-listed shares of the company were last seen down 2.7% at US$8.80 in pre-market trading.

Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity For Total Cash Consideration of Up to US$81M