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Investing.com - Goldman Sachs has reinstated coverage on Shift4 Payments (NYSE:FOUR) with a Buy rating and a price target of $104.00, representing a potential 20% upside. The company, currently trading at $86.43, has demonstrated strong financial performance with revenues of $3.47 billion and an EBITDA of $514.3 million in the last twelve months. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculations.
The reinstatement follows the completion of Shift4’s acquisition of Global Blue, which closed in early July. Goldman Sachs views Shift4 as one of the top growth stories in its coverage universe.
The firm expressed a positive outlook on Shift4’s distinctive approach to mergers and acquisitions, noting this strategy has enabled the company to maintain high growth levels without incurring excessive customer acquisition costs.
Goldman Sachs analyst Will Nance highlighted the company’s unique position in the payments sector, with the new price target reflecting confidence in Shift4’s business model and growth trajectory.
Shift4 Payments has been expanding its market presence through strategic acquisitions, with the Global Blue deal representing a significant milestone in the company’s growth strategy.
In other recent news, Shift4 Payments reported its Q2 2025 earnings, revealing an earnings per share (EPS) of $1.10, which did not meet the forecasted $1.22. However, the company achieved a significant revenue surprise, reporting $966.2 million against a forecast of $409.79 million. Despite the EPS miss, the revenue figures indicate a strong performance in this area. UBS has adjusted its price target on Shift4 Payments to $115 from $125, while maintaining a Buy rating. This adjustment follows the company’s second-quarter results, which showed slightly below expectations for end-to-end payment volume. Nevertheless, Shift4 maintained its full-year guidance, including contributions from Global Blue. The guidance implies a slower growth rate in the second half of the year, with a decrease from approximately 29% in the first half to around 22%. These developments highlight the mixed signals for investors, balancing strong revenue performance against EPS misses and adjusted growth expectations.
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