Mizuho lowered the firm’s price target on Shift4 Payments to $75 from $80 and keeps a Buy rating on the shares. The company’s Q3 results were “fair,” although reducing the high-end of the fiscal year guidance from $114B in E2E volumes to $109.5B and gross revenue less network fees to $960M from $980M “were less encouraging,” the analyst tells investors in a research note. The firm reduced estimates on the new guidance.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FOUR:
- Shift4 Payments call volume above normal and directionally bullish
- Shift4 Payments price target raised to $60 from $55 at Wells Fargo
- Shift4 Payments files to sell 3.51M shares of Class A common stock for holders
- Shift4 Payments jumps 7% to $50.96 following Q3 report
- Shift4 Payments sees 2023 revenue $2.60B-$2.63B, consensus $2.67B