The Globe and Mail reports in its Saturday, May 21, edition that Barclays analyst Raimo Lenschow is keeping his "overweight" call for Lightspeed Commerce intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lenschow knocked his share target back to $31 from $42 (all figures U.S.). Analysts on average target the shares at $48.11. Mr. Lenschow says in a note: "With Q4 GTV and revenue both coming in ahead of expectations, the post-holiday season seasonality in the business was importantly not as bad as feared. The highlight of the call in our view was the meaningful tailwind that management expects from the return to in-person shopping and dining that should more than offset the expected slowdown in bike and other outdoor verticals. Additionally, the company now expects adjusted EBITDA breakeven in FY24 which reflects the increasing scale of the business and an eventual wind down in integration costs from recent acquisitions. With management targeting 35- to 40-per-cent organic subscription and transaction revenue in FY23 and FY24, the current three times calendar 23 estimated sales multiple seems too low and hence we maintain our 'overweight' rating but lower our price target."