Shift4 Payments: Analysts Highlight Growth Opportunities Despite Q4 Challenges
Portfolio Pulse from Anusuya Lahiri
Shift4 Payments Inc (NYSE:FOUR) received varied analyst outlooks despite missing Q4 gross revenue guidance due to a large enterprise client delay and a unique conversion challenge. RBC Capital and Mizuho analysts maintained positive ratings, with RBC raising the price target from $80 to $94 and Mizuho from $82 to $85. Piper Sandler also maintained an Overweight rating with a $93 price target. Analysts highlighted underlying growth drivers, a focus on the restaurant vertical, and strong EBITDA margins as reasons for optimism. Shares of FOUR closed up 11.80% at $85.90.
February 28, 2024 | 10:23 pm
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POSITIVE IMPACT
Shift4 Payments Inc received positive analyst ratings and raised price targets despite missing Q4 revenue guidance, indicating strong growth potential and optimism among analysts.
Despite missing Q4 revenue guidance, analysts' positive outlook and raised price targets reflect confidence in Shift4 Payments' underlying growth drivers and profitability. The company's focus on the restaurant vertical and strong EBITDA margins, despite challenges, contribute to a bullish sentiment. The recent share price increase further supports the positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100