Raymond James analyst John Davis upgraded Shift4 Payments (FOUR) to Strong Buy from Outperform with a $140 price target. The firm is also adding the stock to the Analyst Current Favorites list following the recent pullback. The firm also cites greater appreciation of the Global Blue (GB) deal as well as its view that the initial 2025 outlook is conservative. While the firm understands the optics of doing the largest acquisition in company history ahead of the founder/CEO departure, it believes the deal is “underappreciated” and sees potential upside to the company’s revenue synergy target by 2027, the analyst added.
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Read More on FOUR:
- Shift4 Payments: Hold Rating Amid Strategic Growth and Integration Challenges
- Shift4 Payments price target lowered to $107 from $109 at Morgan Stanley
- Shift4 Payments: Strategic Acquisition of Global Blue Warrants Hold Rating Amid Integration and Financial Impact Concerns
- Shift4 Payments price target lowered to $124 from $140 at DA Davidson
- Shift4 Payments price target lowered to $117 from $120 at Barclays
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