Seaport Research analyst Jeff Cantwell initiated coverage of Shift4 Payments with a Buy rating and $85 price target. In addition to reporting “strong” Q3 results, in its most recent quarterly shareholder letter, management also indicated “leaning towards finding strategic options for the company,” the analyst tells investors. While it could be bought by a public company or go private, the firm thinks the stock “has significant upside here” irrespective of whether Shift4 eventually changes course strategically, the analyst added.
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