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Monday, DA Davidson analysts reiterated a Buy rating for Shift4 Payments stock (NYSE: FOUR) with a price target of $124. The $8.5 billion payment processing company, which has achieved impressive revenue growth of 27% over the last twelve months, saw this decision following the recent withdrawal of Jared Isaacman, founder and CEO of Shift4, from consideration for the position of NASA Administrator. According to InvestingPro data, analyst price targets for the stock range from $90 to $150.
Over the weekend, President Trump withdrew Isaacman’s nomination prior to the Senate’s confirmation vote. This development suggests that Isaacman will continue in his current role at Shift4 Payments, where he has led the company to achieve a "GREAT" financial health score according to InvestingPro analysis.
DA Davidson analysts expressed confidence in the company’s future, maintaining the Buy rating and the $124 price target. The firm did not comment further on the reasons behind the withdrawal of Isaacman’s nomination.
Shift4 Payments, a prominent player in the payment processing industry, has been under the leadership of Isaacman since its inception. The company’s stock continues to be a focal point for investors following the recent events.
In other recent news, Shift4 Payments has been actively involved in several significant developments. The company has extended its tender offer for Global Blue Group Holding AG, with approximately 96.66% of shares already tendered. This acquisition is expected to be completed by the third quarter of 2025. To support this acquisition, Shift4 has priced a debt offering, including €680 million in 5.500% senior notes due 2033 and $550 million in 6.750% senior notes due 2032. The proceeds are intended to fund the Global Blue acquisition and potentially redeem existing notes due in 2026.
Benchmark analysts have maintained their Buy rating for Shift4 Payments, citing the company’s strategic positioning and growth in specific industry verticals. Meanwhile, Truist Securities initiated coverage with a Hold rating, expressing concerns over Shift4’s acquisition-led growth strategy and potential risks. The Global Blue deal is anticipated to enhance Shift4’s financial performance, although analysts advise caution until more clarity is available. These recent developments reflect Shift4’s strategic efforts to expand its market presence and financial capabilities.
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