William Blair analyst Andrew Jeffrey has reiterated their bullish stance on FOUR stock, giving a Buy rating on October 31.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Shift4 Payments’ strong performance and potential for growth. The company reported third-quarter results that surpassed expectations, with an organic revenue growth of 18%, which exceeded both the firm’s and market estimates. This performance is particularly impressive given the lowered expectations, and it positions Shift4 as a leader in the fintech industry.
Furthermore, Shift4’s end-to-end volume growth of nearly 26% demonstrates significant opportunity, as it is largely organic and outpaces the firm’s previous estimates. Despite some macroeconomic challenges, the company has diversified its revenue streams, with increased contributions from sectors like Unified Commerce and luxury retail. Additionally, Shift4’s ability to maintain a nearly 50% EBITDA margin as it integrates acquisitions showcases its operational efficiency and strong capital allocation strategy, reinforcing the Buy rating.
Jeffrey covers the Technology sector, focusing on stocks such as Affirm Holdings, Fiserv, and Corpay Inc. According to TipRanks, Jeffrey has an average return of 13.0% and a 61.79% success rate on recommended stocks.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $73.00 price target.