B. Riley thinks shares of Shift4 Payments (FOUR) offer “exceptional value” after the stock’s 13% pullback year-to-date versus Toast’s (TOST) upside move of 33%. Toast has two-times the market cap despite a similar level of payment volume, the analyst tells investors in a research note. The firm says Shift4 has an estimated two-times more merchants and a more diversified mix of clients on its platform than Toast. In addition, Shift4’s software heritage allows it to serve more and diverse clients, the firm contends. It sees more to like at Shift4 Payments following its comparison analysis and keeps a Buy rating on the shares with a $104 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 Payments put volume heavy and directionally bearish
- Los Angeles Rams select Shift4 to power payments for ticket sales, no terms
- 3 Best Stocks to Buy Now, 3/20/2024, According to Top Analysts
- Shift4 Payments pullback a buying opportunity, says Benchmark
- Shift4 Payments weakness presents buying opportunity, says BTIG