{
  "id": 10511672,
  "title": "Lightspeed stock price target lowered to $9.50 by Morgan Stanley",
  "url": "https://urgent.news/2026/09/28/lightspeed-stock-price-target-lowered-to-9-50-by-morgan-stanley",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T19:01:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/lightspeed-stock-price-target-lowered-to-950-by-morgan-stanley-93CH-4921021"
  },
  "original_language": "en",
  "account": "Morgan Stanley has lowered its price target for Lightspeed POS Inc. (NYSE:LSPD) to $9.50, down from the previous $11.50, while maintaining an Equalweight rating on Monday. The stock is currently trading at $9.76, above the new target but below InvestingPro's Fair Value analysis, which suggests undervaluation. Morgan Stanley attributes this to the company's strategic reset, which appears successful as growth locations expand in double-digit rates. Lightspeed's advantages include a focused go-to-market strategy, a robust salesforce, and a strong presence in North American Retail and European Hospitality. However, the firm notes challenges such as competitive intensity around Lightspeed's core upmarket verticals, reliance on growth and software adoption, exposure to weaker European macro conditions and foreign exchange risk, unpredictable churn trends in the company's legacy portfolio (representing 25% of revenue), and heavy buybacks that may limit share gain potential. Management's aggressive share buybacks and a predicted 2027 EPS of $0.65 are also considered. Morgan Stanley uses a 12x P/E multiple, aligned with peers' multiples, but at a discount to stocks like Adyen and Toast. The firm's base case EPS estimates for fiscal 2028-2029 are modestly below consensus. Despite a revenue beat of $322.7 million in Q1 2027, Lightspeed reported a small loss of $0.02 per share, contrasting with the expected profit of $0.1382 per share. The revenue increase of 17% over the previous year was mainly due to growth in transaction-based services.",
  "summary": null,
  "key_points": [
    "Morgan Stanley lowers Lightspeed's price target to $9.50 from $11.50.",
    "Stock trades at $9.76, above target but below fair value analysis.",
    "Challenges include competitive intensity and reliance on growth and software adoption."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}