Barclays initiated coverage of Shift4 Payments with an Overweight rating and $120 price target Although the stock’s volatility “can test investor patience,” Shift4’s 25%-plus net revenue growth rate and 49% EBITDA margins, plus an exclusive global partnership with SpaceX’s Starlink broadband service, “can reward investors over the long term,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 Payments initiated with an Outperform at Oppenheimer
- Jefferies sees private equity or Worldpay as ‘most likely’ Lightspeed buyers
- Shift4 Payments price target raised to $95 from $75 at Wells Fargo
- Shift4 Payments, Miami Heat announce ticketing partnership
- Shift4 Payments general counsel Frankel sells 12,500 class A shares