UBS analyst Rayna Kumar raised the firm’s price target on Shift4 Payments to $93 from $86 and keeps a Buy rating on the shares. The firm previously assumed a closing date of July 1 for the Finaro acquisition, but is adjusting its model to exclude Finaro until the deal closes, the analyst tells investors in a research note. The firm continues to believe Shift4 will make strong progress in converting its $150B+ in gateway volume to its E2E platform, and continue to expand share in new verticals.
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>>
See the top stocks recommended by analysts >>
Read More on FOUR:
- Shift4 Payments initiated with a Buy at B. Riley
- Shift4 Payments initiated with a Buy at BTIG
- Estee Lauder upgraded, Dine Brands downgraded: Wall Street’s top analyst calls
- Shift4 Payments upgraded to Outperform from Market Perform at MoffettNathanson
- ‘These Are the Best You Would Get,’ Goldman Sachs Says About 2 ‘Strong Buy’ Stocks