B. Riley raised the firm’s price target on Shift4 Payments (FOUR) to $150 from $110 and keeps a Buy rating on the shares following a second look at the Q3 report. The company is now disclosing a backlog for the second quarter in a row, which was $33B, up from $25B in Q2, the analyst tells investors in a research note. The firm says Shift4’s backlog disclosure provides visibility and the company’s cross-sell opportunity is over $500B after recent acquisitions.
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