William Blair analyst Andrew Jeffrey has reiterated their bullish stance on FOUR stock, giving a Buy rating on July 21.
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Andrew Jeffrey has given his Buy rating due to a combination of factors surrounding Shift4 Payments’ strategic acquisition of Global Blue. He believes that this acquisition positions Shift4 as a transformative player in the fintech sector, with the potential for significant stock re-rating as investor confidence grows in the company’s ability to integrate this acquisition successfully. The anticipated $80 million in revenue synergies by the end of 2027 is considered conservative, suggesting a promising outlook for the company’s growth.
Furthermore, Jeffrey highlights Shift4’s strong track record in acquiring independent software vendors and its ability to cross-sell its end-to-end processing capabilities, which could enhance monetization opportunities. The company’s innovative solutions, such as SkyTab, and its cross-border e-commerce capabilities through Finaro, have shown impressive growth, further supporting the Buy rating. Despite some concerns about limited vertical market volume disclosure, the company’s aggressive innovation and strategic moves are seen as key drivers for future success.
According to TipRanks, Jeffrey is a 5-star analyst with an average return of 14.8% and a 65.65% success rate. Jeffrey covers the Technology sector, focusing on stocks such as Fiserv, Corpay Inc, and Block.
In another report released on July 21, RBC Capital also maintained a Buy rating on the stock with a $127.00 price target.