The Globe and Mail reports in its Tuesday, Sept. 27, edition that Scotia Capital analyst Kevin Krishnaratne thinks long-term investors could be rewarded by showing patience with Canadian software companies, such as Lightspeed Commerce, which are battling through a difficult stretch. The Globe's David Leeder writes in the Eye On Equities column that Mr. Krishnaratne says Lightspeed is one of his top picks, which he rates "sector outperform." He targets the shares at $30 (U.S.). Analysts on average target the shares at $37.53 (U.S.). Mr. Krishnaratne says in a note: "Management's goal is to grow revenue organically by 35 to 40 per cent via a combination of location adds, software ARPU gains and evolving payments adoption. We see multiple levers driving outperformance given the size of the TAM (approximately 166,000 Lightspeed merchants versus a global opportunity of 6 million complex SMBs), software upside (monthly subscription ARPU [average revenue per user] of $136 (U.S.) in Q1/23 versus top merchant ARPU of $300 (U.S.)), and higher payments uptake (just 15-per-cent penetration in Q1). New revenue streams, such as the Lightspeed B2B supplier network, also add to upside not yet considered in our numbers."