Raymond James analyst John Davis raised the firm’s price target on Shift4 Payments (FOUR) to $140 from $130 and keeps a Strong Buy rating on the shares ahead of the Q2 report on August 5. The firm expects a solid Q2 print and wouldn’t be surprised to see modest upside following strong results from Visa (V) and Mastercard (MA) and believes the Global Blue deal will be mid-single digit EPS dilutive in 2025, but low single to mid-single digit accretive in 2026 and 2027. Shift4 remains the firm’s top idea.
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:
- Shift4 Payments’ Strategic Acquisition of Global Blue Positions Company for Transformative Growth in Fintech Sector
- Shift4 Payments price target raised to $109 from $97 at Truist
- Shift4 Payments resumed with a Buy at Deutsche Bank
- Shift4 Payments Expands Credit Facility and Completes Acquisition
- Shift4 completes acquisition of Global Blue for $7.50 per share in cash