On Nov 13, major Wall Street analysts update their ratings for $Shift4 Payments (FOUR.US)$, with price targets ranging from $110 to $120.
BofA Securities analyst Jason Kupferberg maintains with a buy rating, and adjusts the target price from $95 to $112.
Barclays analyst John Coffey maintains with a buy rating, and maintains the target price at $120.
Wells Fargo analyst Andrew Bauch maintains with a buy rating, and adjusts the target price from $100 to $110.
Mizuho Securities analyst Dan Dolev maintains with a buy rating.
BTIG analyst Andrew Harte maintains with a buy rating, and adjusts the target price from $105 to $118.
Furthermore, according to the comprehensive report, the opinions of $Shift4 Payments (FOUR.US)$'s main analysts recently are as follows:
Shift4 Payments' volumes came in below expectations and the forward guidance was adjusted downwards, influenced by a decrease in consumer spending within the restaurant and hospitality sectors, adverse weather conditions, and a slower pace of growth internationally than anticipated. Despite the shares experiencing only a modest decline after a significant run, this could be attributed to a marginal increase in the lower end of the fourth quarter revenue and adjusted EBITDA guidance, a volume backlog that rose by 32% from the previous quarter, and an annualized fourth quarter adjusted EBITDA that aligns with the 2025 consensus. Additionally, there's a current market tilt towards small and mid-cap names.
Shift4 Payments' Q3 outcomes fell short in terms of net revenues, gross profit, and end-to-end volumes, attributed to diminished consumer expenditure. Despite the less-than-ideal quarter, it is believed that through strategic ventures and beneficial acquisitions, the company is positioned to sustain over 20% organic revenue growth for several years.
Shift4 Payments' Q3 volume and net revenue fell below Street expectations. Analysts point out that although no explicit fiscal 2025 guidance was provided, there were indications of management's confidence in the company's prospects. It is believed that investors will retain a positive perspective on Shift4's growth potential despite the modest Q3 performance. The company continues to be viewed favorably in terms of its growth outlook.
Here are the latest investment ratings and price targets for $Shift4 Payments (FOUR.US)$ from 7 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
