The Globe and Mail reports in its Friday, Nov. 3, edition that Scotia Capital analyst Kevin Krishnaratne is sticking with his "sector outperform" recommendation for Lightspeed Commerce. The Globe's David Leeder writes that Mr. Krishnaratne cut his share target back by $4 to $21 (all figures U.S.). Analysts on average target the shares at $20.27. Mr. Krishnaratne says in a note: "Lightspeed remains one of our favourite names in our coverage given its valuation (three times CY24 GP vs. peers at 4.7 times) and the opportunity for GP upside on its Unified Payments push. Q2 results were impressive, with a revenue beat helped by better payments attach, lower-than-anticipated location churn, and positive software trends, while adj. EBITDA was slightly positive -- a milestone achieved a quarter earlier than forecast. Although the near-term outlook for GTV trends may be softer given Lightspeed's exposure to discretionary categories and a more cost-conscious consumer, these dynamics appear to be well captured in the company's Q2 guide. Meanwhile, we like the levers in the model that are within management's control such as product (One Lightspeed) and Unified Payments, both of which could surprise to the upside."