Shift4 Payments price target lowered to $105 from $115 at BTIG

BTIG lowered the firm’s price target on Shift4 Payments (FOUR) to $105 from $115 and keeps a Buy rating on the shares. The Q3 report “had a lot to digest,” including Global Blue contributions, macro weakness in core verticals, strength in new verticals, organic growth expectations, and a newly announced $1B buyback authorization, says the analyst, who argues that “FY26 numbers need to come down a bit,” but investors should have confidence in at least 15% organic growth for the next few years. The firm sees the stock’s valuation offering “a very attractive entry point,” the analyst added.