DA Davidson lowered the firm’s price target on Shift4 Payments (FOUR) to $104 from $114 but keeps a Buy rating on the shares. Shift4 reported Q3 with 61% y/y growth in net revenue and 56% y/y growth in adjusted EBITDA, the analyst tells investors in a research note. The firm adds however that for 2026 and 2027, given a little more uncertainty around global macro-trends, it has trimmed its forecasts for total revenue and adjusted EBITDA by approximately 1%-2% each.
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