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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 Payments price target lowered to $100 from $111 at Benchmark
- Shift4 Payments price target lowered to $75 from $90 at Keefe Bruyette
- Shift4 Payments price target lowered to $80 from $86 at Morgan Stanley
- Shift4 Payments price target lowered to $100 from $115 at Seaport Research
- Shift4 Payments price target lowered to $115 from $125 at Susquehanna