The Globe and Mail reports in its Thursday, Feb. 1, edition that Scotia Capital analyst Kevin Krishnaratne has reaffirmed his "sector outperform" call for Lightspeed Commerce. The Globe's David Leeder writes that Mr. Krishnaratne boosted his share target by $1 to $22 (all figures U.S.). Analysts on average target the shares at $19.51. Mr. Krishnaratne says in a note: "Lightspeed is our top pick in a soft-landing scenario given its valuation and the opportunity for gross profit upside over the next several years on its unified payments push. We recently published our updated thoughts on Lightspeed's GMV monetization opportunity where we show how our F25 GP estimate could more than double if Lightspeed's net attach rate at 0.42 per cent catches up to that of leaders such as Shopify (1.60 per cent) via a combination of full payments penetration and better software traction. We also applaud management's focus on profitability. ... Under a soft-landing scenario where consumer spending reverts toward discretionary categories, Lightspeed is well positioned for upside given the focus of many of its retail and hospitality merchant customers. Shares have underperformed to start 2024."