The Globe and Mail reports in its Tuesday, April 29, edition that Scotiabank Capital analyst Kevin Krishnaratne has lowered his recommendation for Lightspeed Commerce to "sector perform" from "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Krishnaratne, citing reduced subscription revenue estimates due to small and medium business "weakness" as well as risks to gross transaction volume estimates given its "exposure to discretionary spending that could slow on weakening consumer demand" and seeing limited near-term catalysts, slashed his share target by $6 to $11 (all figures U.S.). Analysts on average target the shares at $15.01. Mr. Krishnaratne says in note: "We expect an in-line Q4 (March) that follows on outlook provided on March 24 that indicated negative SSS [same-store sales] in Feb/March on macro pressures and a decline in SMB optimism impacting subscription revenue. Our forecast for FY26 has been further lowered to reflect subscription trends in 1H continuing to be pressured (6.8 per cent growth in Q1, 6.9 per cent in Q2 vs. 7.4 per cent expected in Q4) on SMB weakness, ahead of a rebound in 2H (7.2 per cent in Q3, 11.1 per cent in Q4)."