Shift4 Payments upgraded to Buy from Hold at Benchmark

Benchmark analyst Mark Palmer upgraded Shift4 Payments (FOUR) to Buy from Hold with a $111 price target The share price jumped by nearly 13% in response to the company’s “solid” Q1 print and management’s upbeat guidance for the balance of 2025, notes the analyst, who notes that management “offered a couple of positive surprises” in raising their full-year 2025 guidance for gross revenue less network fees and adjusted EBITDA while stating that they had yet to see any impact on the company’s payment volumes due to reduced consumer spending. Shift4’s experience in 2020 could provide some indication of why the company could be well positioned to navigate challenging macroeconomic conditions going forward, the analyst tells investors.