B. Riley raised the firm’s price target on Shift4 Payments (FOUR) to $110 from $104 and keeps a Buy rating on the shares following the “strong” Q3 report. The firm says Shift4 continues to put up “best-in-class growth that is much higher than other high-quality stocks” in the integrated payment sector. The company grew processing volume 56%, gross revenue less network fees 50%, and EBITDA 51%, 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 announces partnership with Jacksonville Jaguars
- Shift4 Payments price target raised to $120 from $93 at Piper Sandler
- Shift4 Payments price target raised to $120 from $105 at Susquehanna
- Shift4 Payments price target raised to $110 from $100 at Wells Fargo
- Shift4 Payments Reports Record Q3 2024 Performance