02:34 PM EDT, 04/04/2024 (MT Newswires) -- Lightspeed Commerce ( LSPD ) announced a restructuring that will impact 10% of its headcount-related opex. At the same time, it reaffirmed its prior FY2024 revenue/EBITDA guidance and announced a share buyback.

BMO has raised its FY25/26 EBITDA estimates, but cut FY25/26 gross revenue forecasts, with a more modest (1-2%) reduction to net revenue forecasts.

Analyst Thanos Moschopoulos remains Outperform on the stock, "with our thesis being predicated on LSPD's depressed EV/gross profit valuation, ramping EBITDA, and a returning founder-CEO that seems likely to place a greater focus on driving shareholder value."

Target of US$19.

Price: 19.27, Change: -0.62, Percent Change: -3.12