Shift4 Payments price target lowered to $124 from $140 at DA Davidson

DA Davidson lowered the firm’s price target on Shift4 Payments (FOUR) to $124 from $140 and keeps a Buy rating on the shares. The company reported strong Q4 results and provided 2025 guidance that was just a bit light compared to consensus, and with results, Shift4 also announced an agreement to acquire Global Blue, a specialty payments and technology platform, for an enterprise value of $2.5B, the analyst tells investors in a research note. The firm’s updated price target reflects the guidance and the acquisition integration and financial leverage risks created by the Global Blue deal, the firm adds.