DA Davidson analyst Christopher Brendler initiated coverage of Shift4 Payments Inc. with a Buy rating and $70 price target (39.8 percent upside). The shift in market sentiment amid the Fed and geopolitical uncertainty has created “rare buying opportunities” in “compelling” growth stories, Brendler contended. Shift4 Payments “fits the bill” of his preferred payments platforms with leverage to…
Shift4 Clocks 89 Percent Revenue Growth in Q4; Reveals Deals for Global Expansion, Crypto Capabilities
Shift4 Payments Inc. reported fourth-quarter FY21 gross revenue growth of 89 percent year-on-year to $399.4 million, beating the consensus of $382.9 million. Gross revenue minus network fees were up 65 percent Y/Y to $146.9 million. End-to-end payment volume climbed 97 percent Y/Y to $13.4 billion. Adjusted EPS of $0.08 missed the consensus of $0.18. Adjusted EBITDA improved…
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