BofA analyst Koji Ikeda is moving from Neutral to No Rating on Lightspeed (LSPD) Commerce as the firm believes the shares are no longer trading on fundamentals. On its fiscal Q2earnings call management announced that its strategic review is ongoing and they will be canceling the Capital Markets Day that was scheduled for November 20, notes the analyst, who believes the debate on whether Lightspeed could be involved in a strategic transaction will “likely be the primary driver of shares” in the short to medium-term.
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Read More on LSPD:
- Lightspeed Commerce Reports Strong Q2 Financial Growth
- Lightspeed raises FY25 adjusted EBITDA view to minimum of $50M
- Lightspeed reports Q2 adjusted EPS 13c, consensus 11c
- Lightspeed to Discuss Q2 2025 Earnings on November Call
- Jefferies sees private equity or Worldpay as ‘most likely’ Lightspeed buyers
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
