The Globe and Mail reports in its Thursday, Sept. 18, edition that RBC analyst Daniel Perlin is keeping his "outperform" recommendation and $15 share target for Lightspeed Commerce intact (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $14.50. Mr. Perlin sees "early proof points" that Lightspeed Commerce's "transformation is taking hold" with accelerating location growth in its key markets in the first quarter of its fiscal 2026. Mr. Perlin says in a note: "At its Capital Markets Day, Lightspeed laid out its transformative strategic priorities across growing customer locations in its growth engine markets, expanding SaaS ARPU [average revenue per user], and improving its adjusted EBTIDA and free cash flow. Management reiterated that it is still in early days of realizing these initiatives, with the F1Q26 showing just some of its GTM improvements and the SaaS opportunity, which provides support for its medium-term targets provided at Capital Markets Day. ... Within the growth markets, the company noted that its growth comes evenly from new business formations, competitive wins from other modern platforms and customers shifting from legacy solutions."