Redburn Atlantic analyst Dominic Ball upgraded Shift4 Payments (FOUR) to Neutral from Sell with an unchanged price target of $53. The 16% share price decline year-to-date, the CEO’s stated willingness to explore acquisition offers, Fiserv’s (FISV) silence around denying any interest in acquiring Shift4 and the increased private equity activity in the payment space point to a heighted possibility that Shift4 will be acquired, the analyst tells investors in a research note. As such, the firm believes the stock’s risk/reward skew is more balanced.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- 5 Best Fintech Stocks to Buy in April 2024, According to Analysts
- 3 Best Stocks to Buy Now, 4/4/2024, According to Top Analysts
- 3 Best Stocks to Buy Now, 4/3/2024, According to Top Analysts
- Benchmark says Nuvei deal makes Shift4 ‘look even more attractive’
- B. Riley sees ‘exceptional value’ in Shift4 after Toast comparison
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue