01:47 PM EST, 02/06/2025 (MT Newswires) -- Lightspeed reported slightly mixed third-quarter results. But for National Bank, the most notable item from the results was the conclusion of its strategic review that did not result in a sale of the company.

Instead, Lightspeed will move ahead on its organic growth strategy, notes analyst Richard Tse. "No doubt, the outcome of the strategic review likely raises questions as to why it did not conclude in a sale - most notable and obvious are a price (valuation) and product disconnect from the vantage point of prospects."

The challenge for Lightspeed now will be executing on its growth plan in an increasingly competitive market when Lightspeed has narrowed its total addressable market, Tse said.

Target cut by US$5, to $15. Maintain Sector Perform rating.

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