Raymond James analyst John Davis lowered the firm’s price target on Shift4 Payments (FOUR) to $126 from $140 and keeps a Strong Buy rating on the shares. Shift4 Payments reported mixed Q2 results, with revenue beating estimates by 1% and adjusted EBITDA largely in-line with forecasts, the analyst tells investors in a research note. The firm continues to see a compelling risk/reward as there was no “smoking gun” in the quarter that changes the long-term thesis.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Snap downgraded, Leidos upgraded: Wall Street’s top analyst calls
- Shift4 Payments price target lowered to $107 from $113 at Piper Sandler
- Shift4 Payments price target lowered to $115 from $125 at UBS
- Shift4 Payments reinstated with a Buy at Goldman Sachs
- Shift4 Payments price target lowered to $100 from $110 at Keefe Bruyette