Shift4 Payments price target raised to $80 from $65 at DA Davidson

DA Davidson raised the firm’s price target on Shift4 Payments to $80 from $65 and keeps a Buy rating on the shares after its better than expected Q4 results. A challenging macro backdrop has clipped expectations across the sector, but Shift4 remains in high gear with an impressive Q4 that included beats across nearly every key metric, the analyst tells investors in a research note. The company’s initial 2023 guidance also implies the outsized share gains are set to continue, the firm added.