Shift4 Payments (FOUR) Stock: $55 Target And Buy Rating

By Amit Chowdhry ● Jul 5, 2022
  • The shares of Shift4 Payments Inc (NYSE: FOUR) have received a $55 price target from Truist. These are the details.

The shares of Shift4 Payments Inc (NYSE: FOUR) have received a $55 price target from Truist. And Truist analyst Andrew Jeffrey is maintaining a “Buy” rating on the shares.

Jeffrey adjusted the rating in a research note about IT services. And while Jeffrey remains long-term bullish on leading digital native stocks and safe haven traditional networks, Legacy Processors offer the least attractive risk/rewards considering the near-term margin risk and share challenges. 

Going forward, Shift4 could see the above-average and near-term volatility due to the outsized hospitality industry exposure. But the company stock still offers a compelling risk/reward at just 10.5-times expected 2023 EBITDA.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.