BTIG analyst Andrew Harte raised the firm’s price target on Shift4 Payments (FOUR) to $115 from $110 and keeps a Buy rating on the shares. The top- and bottom-line beat in Q1 and company’s view of the macro backdrop “were a breath of fresh air,” says the analyst, who notes that FY25 guidance was tightened and the midpoint was lifted about 1%. The firm thinks Shift4 did a good job during its Q1 report and conference call demonstrating the several growth levers at the company’s disposal, which should enable it to achieve above-market growth in any macro environment, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Morning Movers: Hims & Hers skyrockets following obesity pact with Novo Nordisk
- Shift4 Payments reports Q1 adjusted EPS $1.07 vs. 95c last year
- Shift4 Payments raises FY25 adjusted EBITDA view to $840M-$865M from $830M-$855M
- Cautious Hold Rating for Shift4 Payments Amid Mixed Investor Sentiment and Macroeconomic Uncertainties
- Notable companies reporting before tomorrow’s open