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BTIG Maintains Buy on Shift4 Payments, Lowers Price Target to $50

BenzingaBenzinga Newsdesk

BTIG analyst Andrew Harte maintains Shift4 Payments (NYSE:FOUR) with a Buy and lowers the price target from $60 to $50.

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  1. The Motley FoolRich Smith

    Why Shift4 Payments Stock Crashed Today

    Shift4 Payments stock fell 13% despite beating earnings expectations ($1.49 EPS vs. $1.37 forecast) because gross revenue missed estimates at $648 million versus expected $653 million. However, the company showed strong fundamentals with 12% revenue growth, 18% growth in core payments revenue, doubled GAAP EPS, and 39% year-over-year free cash flow growth. The analyst argues the selloff appears unfair given the company's double-digit revenue growth and attractive valuation at less than 7x free cash flow.