The Globe and Mail reports in its Friday, March 28, edition that Stifel analyst Suthan Sukumar has reaffirmed his "hold" recommendation for Lightspeed Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sukumar gave his share target a $3 trim to $12 (all figures U.S.). Analysts on average target the shares at $15.68. Mr. Sukumar says in a note: "We attended Lightspeed's capital markets day yesterday which offered a deep-dive on the company's new corporate strategy, product/tech, and financial outlook. Our primary takeaway was Lightspeed's focus on innovation was more elevated than expected, as per $50-million in incremental product/tech investment anticipated next-year, which we view positively and suggests that the company is building off of early up/cross-sell proof points with newer flagship platforms to further competitive advantage and penetration of a refined $80-billion TAM in N.A. retail and EMEA hospitality. GTM execution appears to be off to a strong start with an aggressive sales ramp, but still is in the early innings, and a muted financial outlook with persisting macro-related softness into F26 tempers our expectations around near-term progress against three-year-targets."