Shift4 Payments Earns 'Buy' Rating From Analyst Amid Growth Prospects
Portfolio Pulse from Lekha Gupta
Mizuho Securities analyst Dan Dolev has initiated coverage on Shift4 Payments Inc (NYSE:FOUR) with a 'Buy' rating and a price target of $80. Dolev sees a potential for $150 billion in gateway-only volumes to be converted into end-to-end volumes at little additional cost, which could result in 4x better economics and an incremental gross profit contribution of 25-30bps. However, he assumes only 40% of this will be realized by 2025, driving an estimated incremental gross profit of $150-200 million. Dolev expects FOUR's revenue to reach $952 million in 2023 and $1.21 billion in 2024.
July 25, 2023 | 4:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shift4 Payments has received a 'Buy' rating from Mizuho Securities, with a price target of $80. The analyst expects the company's revenue to reach $952 million in 2023 and $1.21 billion in 2024.
The 'Buy' rating and the price target of $80 given by Mizuho Securities analyst is a positive signal for Shift4 Payments. The analyst's revenue expectations for 2023 and 2024 also indicate strong growth prospects for the company, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100