01:39 PM EDT, 09/17/2025 (MT Newswires) -- RBC hosted investor meetings with Lightspeed Commerce ( LSPD ) senior management.

The meeting highlighted Lightspeed's early proof-points in its transformation, with accelerating location growth (~5% y/y) in its growth engine markets in F1Q26; 2) strength in its go-to-market, as it ramps on its targeted ~150 sales reps, resulting in a doubling in outbound bookings y/y; and 3) support for durable SaaS revenue and ARPU growth via new location adds, price increases, and the rollout of incremental software modules.

"We view the ramping of the outbound sales team as the driver of new location growth, and based on early success displayed in F1Q26, gives us conviction in management hitting their targets," writes analyst Daniel Perlin. Lightspeed said its growth comes evenly from new business formations, competitive wins from other modern platforms, and customers shifting from legacy solutions.

Lightspeed is rated Outperform, with a US$15 price target.

Price: 17.63, Change: +0.63, Percent Change: +3.71