The Globe and Mail reports in its Tuesday, July 25, edition that National Bank Financial analysts John Shao and Richard Tse have reaffirmed their "outperform" recommendation for Lightspeed Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shao and Mr. Tse gave their share target a $3(U.S.) boost to $23 (U.S.). Analysts on average target the shares at $19.50 (U.S.). Mr. Tse says in a note: "We're expecting soft FQ1 (CQ2) results from Lightspeed. While we like the payments strategy, the staged rollout won't be at scale until H2 which leads to some potential volatility early in the rollout." For the tech sector in general Mr. Shao and Mr. Tse believe "it's reasonable to take some money off the table" heading into earnings season given the "lofty" expectations from the Street. Mr. Shao and Mr. Tse say: "The sizable moves across the sector have valuations back to their 10-year average. ... Valuations are not convincing enough to support a strong view either way for the sector." The Globe reported on June 21 that Stifel analyst Suthan Sukumar continued to rate Lightspeed Commerce "hold." It was then worth $15.55 (U.S.).