Lightspeed Commerce Faces Heightened Competition, Slower Payments Gains -- Market Talk
Dow Jones2026/09/28 17:001259 ET - Lightspeed Commerce's growth momentum faces a tougher second act as competition stiffens and easy expansion gains dry up, according to Morgan Stanley's Meryl Thomas in a note. The analyst assumes coverage with an equal-weight rating and a $9.50 price target. Thomas says that growth-engine locations are expanding double-digits with upmarket momentum, but that it's getting more difficult to keep up the pace due to unpredictable legacy churn trends, European macro and foreign exchange risk and rising hardware costs. She says expansion will now depend on harder-to-drive underlying transaction volumes rather than rapid payments conversion gains. Also, she adds that heavy share buybacks may limit the capital flexibility Lightspeed needs to outpace competitors. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
September 28, 2026 13:00 ET (17:00 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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