Andrew Bauch, an analyst from Wells Fargo, maintained the Buy rating on Shift4 Payments (FOUR – Research Report). The associated price target remains the same with $135.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Andrew Bauch has given his Buy rating due to a combination of factors influencing Shift4 Payments. Despite mixed fourth-quarter results where both gross profit and adjusted EBITDA came in below expectations, the company has shown significant year-over-year growth in revenues and profit margins. Specifically, the gross revenues increased by 26% and the adjusted EBITDA grew by 51% compared to the previous year, which underscores a robust expansion trajectory.
Furthermore, Bauch sees potential in Shift4 Payments’ strategic move to acquire Global Blue for $2.5 billion. While initially met with skepticism, this acquisition is a bold step in doubling down on eCommerce and international opportunities, aligning with the company’s growth strategy. The company’s management has also set ambitious goals for future free cash flow, aiming to more than double current levels within three years, which could significantly enhance long-term shareholder value.
In another report released on February 14, Oppenheimer also maintained a Buy rating on the stock with a $142.00 price target.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FOUR in relation to earlier this year.