2024-01-22 20:55:23 ET
Summary
- Shift4 Payments has a growth runway in the integrated payment and software solutions market, targeting an addressable market of over $3.5 trillion.
- The company's Q3 results fell short of estimates, but it is well positioned to achieve its guidance of 30-35% gross-revenue growth in 2023.
- I expect Shift4 to reach its medium-term target of $3.5 billion in gross revenue by 2024, driven by increased volume in new business sectors and offering end-to-end payment processing.
Thesis
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Shift4 Payments: Positioned For Growth