Mizuho analyst Dan Dolev lowered the firm’s price target on Shift4 Payments to $75 from $85 and keeps a Buy rating on the shares following the Q1 report. With a solid quarter, manageable guidance, reaffirmed organic growth of “north of 25%” for the fiscal year, and a management team that knows how to extract value from gateway only volumes at low cost, Shift4 shares are attractive, the analyst tells investors in a research note. The firm trimmed the target multiple with the takeout option off the table.
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 price target lowered to $75 from $100 at Wells Fargo
- Shift4 Payments price target lowered to $100 from $105 at Evercore ISI
- Shift4 Payments sees FY24 adjusted EBITDA $640M-$675M
- Shift4 Payments reports Q1 adjusted EPS 51c, consensus 62c
- Shift4 Payments upgraded to Neutral from Sell at Redburn Atlantic