Shift4 Payments price target raised to $85 from $83 at BTIG

BTIG raised the firm’s price target on Shift4 Payments to $85 from $83 and keeps a Buy rating on the shares. The company’s Q4 report missed consensus estimates for net revenue, but was in-line on EBITDA, the analyst tells investors in a research note. The firm continues to like Shift4 as its BTIG 1H24 Top Pick as it sees the company’s unique growth algorithm of net-new customers and land/expand that can drive roughly 30% organic EBITDA growth as attractive.