The Globe and Mail reports in its Tuesday, Oct. 4, edition that iA Capital Markets analyst Neehal Upadhyaya has added Lightspeed Commerce to his "Top Picks" list. The Globe's David Leeder writes in the Eye On Equities column that Mr. Upadhyaya rates Lightspeed Commerce "buy," with a $29 (U.S.) share target. Analysts on average target the shares at $37.02 (U.S.). Mr. Upadhyaya says in a note: "A more established story in the large cap tech space, LSPD ticks off many of the boxes that investors look for, including a strong growth profile, a path to adjusted EBITDA profitability, diversified customer base in multiple geographies, strong management team, and an excellent balance sheet. Seasonally, Q4/C22 (Q3/F22 for LSPD) has been a robust quarter for the company as GTV typically increases as retailers enjoy a bump in sales due to the holiday season, boosting Lightspeed's GPV and transactions-based revenue; we expect this year to be no different and are projecting Lightspeed to achieve record revenues of $200-million (U.S.)-plus. Beyond its strong growth prospects in C2023 and in Q4/C22, the company has plenty of growth levers it can pull in the medium to long term through adding multiple revenue streams to NuORDER."