Piper Sandler analyst Clarke Jeffries maintains $Shift4 Payments (FOUR.US)$ with a buy rating, and adjusts the target price from $93 to $120.
According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Shift4 Payments (FOUR.US)$'s main analysts recently are as follows:
Analysts note that while Shift4 Payments experienced an unexpected shortfall and reduced guidance on transaction volumes primarily due to a decline in consumer spending within the restaurant and hospitality sectors, adverse weather conditions, and a slower rate of international growth than anticipated, the company's stock only saw a modest decrease following a significant uptrend. This resilience in share price may be attributed to marginal improvements in the lower end of the fourth-quarter revenue and adjusted EBITDA forecasts, a 32% quarter-over-quarter increase in the volume backlog reaching $33 billion, the annualized fourth-quarter adjusted EBITDA aligning with consensus expectations for 2025, and the current market trend that favors small to mid-cap stocks.
Shift4 Payments' Q3 performance showed a shortfall in net revenues, gross profit, and end-to-end volumes, attributed to a softer consumer spending environment. Despite the less than ideal quarter, strategic initiatives and beneficial deals are anticipated to underpin over 20% organic revenue growth for several years ahead.
Shift4 Payments' Q3 volume and net revenue results did not meet Street expectations. However, even without providing explicit fiscal 2025 guidance, management conveyed a sense of confidence in the company's outlook. It is believed that investors will have a positive takeaway from the conference call regarding Shift4's growth prospects, despite the less than expected Q3 outcome. The company continues to be highly regarded for its growth potential.
Note:
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