Lightspeed stock coverage resumed by TD Cowen with Hold rating

Investing.com - TD Cowen has resumed coverage of Lightspeed POS Inc. (NYSE:LSPD) with a Hold rating and a $13.00 price target. The company, currently trading at $11.82 with a market capitalization of $1.6 billion, has seen its shares surge 43.9% over the past six months.

The research firm cited Lightspeed’s progress on its strategy to increase customer locations within growth markets as one factor in its assessment.

TD Cowen also noted the company’s efforts to grow average revenue per user (ARPU) and expand profitability as positive developments.

The firm indicated that sustained execution would be a key driver for potential share price multiple expansion for the point-of-sale technology provider.

Lightspeed offers cloud-based commerce platforms for retailers and restaurateurs, with its solutions including point-of-sale, payments processing, and inventory management tools.

In other recent news, Lightspeed Commerce Inc. reported mixed results for its Q1 2025 earnings. The company fell short of its earnings per share (EPS) forecast, posting $0.06 against the anticipated $0.13, marking a 53.85% shortfall. However, revenue surpassed expectations, reaching $304.9 million compared to the predicted $287.22 million, a 6.16% positive surprise. In other developments, Lightspeed announced the appointment of two new directors, Sameer Samat from Google and fintech executive Odilon Almeida, to its board, effective October 1, 2025, as part of its strategy for profitable growth. RBC Capital maintained its Outperform rating for Lightspeed, with a $15.00 price target, following discussions with company executives. The investment firm pointed to positive transformation efforts and a 5% year-over-year growth in key markets during the first quarter of fiscal year 2026. These updates reflect recent strategic and financial activities within Lightspeed.

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