Benchmark Reaffirms Buy Rating on Shift4 Payments (FOUR)
Shift4 Payments Inc. (NYSE:FOUR) is one of the 12 best buy-the-dip stocks to buy according to Wall Street analysts. On March 2, Benchmark reduced its price target on Shift4 Payments Inc. (NYSE:FOUR) to $67 from $100 while maintaining a Buy rating. In a post-earnings research note, the firm addressed investors by stating that:
“Q4 results justified concern, but not the panic it appears to have caused”.
The decline in share price by over 23% following the announcement is a sign that investors are pricing in structural deterioration in the business. However, the firm stated:
“The reality is more nuanced and not nearly as dire as the downdraft would suggest.”
On February 27, BTIG analyst Andrew Harte reduced the firm’s price target on Shift4 Payments Inc. (NYSE:FOUR) from $105 to $80. The analyst maintained his Buy rating on the stock.
The revision follows a disappointing FY26 guidance that fell short of investor expectations, which had already been gradually lowered in recent months. Although Harte expressed disappointment with the company’s initial FY26 outlook, he believes Shift4 still has several avenues to create shareholder value in both the short and long term.
Shift4 Payments Inc. (NYSE:FOUR) is a payment processing company that provides software and payment processing solutions worldwide. The company facilitates an end-to-end payment process covering various payment types such as credit, debit & contactless cards, Europay, QR Pay, and mobile wallets.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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