Shift4 Payments price target lowered to $96 from $127 at RBC Capital

RBC Capital analyst Daniel Perlin lowered the firm’s price target on Shift4 Payments (FOUR) to $96 from $127 and keeps an Outperform rating on the shares. The company delivered a “better than feared” print, demonstrating its ability to organically outrun a weaker same-store-sales environment, the analyst tells investors in a research note. With FY25 guidance reaffirmed in a narrower range and Q4 implied E2E volume growth a “reasonable” jumping-off point for FY26, RBC is “increasingly confident” in the setup for FY26, the firm added.