Truist analyst Matthew Coad initiated coverage of Shift4 Payments (FOUR) with a Hold rating and $97 price target The firm struggles with Shift4’s acquisition-led growth strategy, saying it makes the company susceptible to always needing to find the next great deal and subjects Shift4 to churn risk over time due to underinvestment in its portfolio of software and point-of-sale assets. However, Truist expects success in Shift4’s hotel and stadium verticals to continue.
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:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue