RBC Capital analyst Daniel Perlin maintained a Buy rating on Shift4 Payments (FOUR – Research Report) today and set a price target of $57.00. The company’s shares closed yesterday at $37.27.
Perlin covers the Technology sector, focusing on stocks such as Fidelity National Info, NCR, and TELUS International (CDA). According to TipRanks, Perlin has an average return of 1.1% and a 38.01% success rate on recommended stocks.
In addition to RBC Capital, Shift4 Payments also received a Buy from Evercore ISI’s David Togut in a report issued yesterday. However, on October 24, Morgan Stanley maintained a Sell rating on Shift4 Payments (NYSE: FOUR).
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Based on Shift4 Payments’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $506.7 million and a net profit of $10.3 million. In comparison, last year the company earned a revenue of $351 million and had a net profit of $3.2 million
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Shift4 Payments Inc is provider of integrated payment processing and technology solutions. The company offers software providers a single integration to an end-to-end payments offering, a powerful gateway and a robust suite of technology solutions (including cloud enablement, business intelligence, analytics, and mobile) to enhance the value of their software suites and simplify payment acceptance. The Shift4 Model is built to serve a range of merchants from small-to-medium-sized businesses to large and complex enterprises across numerous verticals, including lodging, leisure, and food and beverage.
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