Lightspeed Commerce (LSPD) is poised for strong revenue growth, driven by healthy transaction-based revenue and a reacceleration in subscription-based revenue, according to Benchmark analyst Mark Palmer. Palmer initiated coverage of Lightspeed with a Buy rating and a $20 price target, highlighting the company’s renewed focus on driving subscription-based sales and attracting high-value merchants.
BofA Securities analyst Christopher Nardone reiterated his ‘Buy’ rating for Crocs, Inc. (CROX) despite concerns about slowing growth in North America. The analyst highlights the strong performance of Crocs’ China business as a key factor in maintaining a bullish outlook. While acknowledging the slowdown in the US market, Nardone believes that Crocs can still achieve sustained double-digit growth internationally and expects a rebound in the second half of the year.
Deutsche Bank analyst Matt O-Connor revised his ratings for three major US banks: JP Morgan, Bank of America, and Wells Fargo. The analyst downgraded JP Morgan to Hold, citing a limited near-term upside despite strong recent performance. He upgraded Bank of America to Buy, seeing an attractive entry point after recent declines, and also upgraded Wells Fargo to Buy, highlighting the potential for long-term growth once regulatory restrictions are eased.
