The Globe and Mail reports in its Friday, May 24, edition that CIBC World Markets analyst Todd Coupland has boosted his recommendation for Lightspeed Commerce to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland's share target soared to $33 from $26. Analysts on average target the shares at $26.19. Mr. Coupland says in a note: "Lightspeed CFO, Asha Bakshani's presentation at CIBC's Technology & Innovation conference on May 22 provided greater detail on, in our view, the credible sources of growth and EBITDA expansion that underpin its strategic pivot. These factors give us confidence that Lightspeed is better positioned to execute on its growth and margin expansion priorities this year, and provide support for an increase to our valuation multiple and price target. The shares are attractive and can be purchased. Lightspeed is undergoing a pivot and now expects to meaningfully expand adjusted EBITDA in the coming year while growing its high-GTV customer base, subscription revenues, payments adoption and merchant cash advances (MCA). The company expects software revenue growth to increase from 7 per cent in FQ4 2024 to 10 to 15 per cent by year end."