DA Davidson lowers Shift4 Payments stock price target to $104 on macro concerns

Investing.com - DA Davidson lowered its price target on Shift4 Payments (NYSE:FOUR) to $104.00 from $114.00 on Wednesday, while maintaining a Buy rating on the payment processing company. This target remains above the current trading price of $72.09, reflecting potential upside in line with the broader analyst consensus, which stands at a Buy with targets ranging from $75 to $131.

The price target adjustment follows Shift4’s third-quarter results, which showed 61% year-over-year growth in net revenue and 56% year-over-year growth in adjusted EBITDA.

Shift4 management narrowed the ranges for their 2025 guidance with the latest earnings report, keeping the midpoints of net revenue and adjusted EBITDA unchanged from previous forecasts.

DA Davidson cited "uncertainty around global macro-trends" as the reason for trimming forecasts for Shift4’s total revenue and adjusted EBITDA by approximately 1%-2% each for 2026 and 2027.

Despite the lower price target, the firm reiterated its Buy rating on Shift4 Payments stock, suggesting continued confidence in the company’s overall business trajectory.

In other recent news, Shift4 Payments reported its third-quarter 2025 earnings, with an earnings per share (EPS) of $1.47, aligning with forecasts. The company’s revenue slightly exceeded expectations, reaching $589.2 million compared to the anticipated $586.57 million. Analysts from Raymond James noted that Shift4’s net revenue was about 1% higher than forecasts, driven by Global Blue revenues surpassing estimates by roughly 5%. Mizuho raised its price target for Shift4 Payments to $102, citing solid results with in-line gross revenue less network fees and better-than-expected EBITDA. Meanwhile, Benchmark adjusted its price target to $100, acknowledging the company’s strong core despite a challenging year. Raymond James also revised its price target to $90, maintaining a Strong Buy rating due to the company’s better-than-expected adjusted EBITDA. These developments indicate a mixed but overall positive reception from analysts regarding Shift4’s recent performance.

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