FOUR - Shift4 Payments: Analysts Highlight Growth Opportunities Despite Q4 Challenges | Benzinga
RBC Capital analyst Daniel Perlin maintained Shift4 Payments Inc (NYSE:FOUR) with an Outperform and raised the price target from $80 to $94.
Although underlying growth drivers remain solid, the analyst stated that a large enterprise client delay and unique gateway to end-to-end conversion caused the company to miss its fourth-quarter gross revenues less network fees guidance.
As is the case with FOUR, the optics associated with these transactions are worse than the underlying fundamentals. Thus, investors should not lose sight of the material opportunities for growth ahead of FOUR, he said.
Perlin projects first-quarter revenue of $279.6 million (prior $292.2 million) and EPS of $0.65 (prior $0.75).
Mizuho analyst Dan Dolev reiterated a Buy and raised the price target from $82 to $85.
Surprisingly, despite missing the fourth-quarter guide on ...