Citi analyst Andrew Schmitt maintained a Buy rating on Shift4 Payments (FOUR – Research Report) yesterday and set a price target of $114.00.
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Andrew Schmitt has given his Buy rating due to a combination of factors including recent executive role announcements at Shift4 Payments, which are seen as a positive development. The appointment of Taylor Lauber as CEO and Jared Isaacman as Executive Chairman is considered beneficial for the company, providing stability and strategic guidance.
Furthermore, the company is performing well against its guidance and mid-term outlook, which is favorable in the current market environment. Despite the absence of a streamlined share class/corporate structure, the expected share price return of 21.1% supports the Buy rating.
In another report released on June 2, D.A. Davidson also reiterated a Buy rating on the stock with a $124.00 price target.