Goldman Sachs Reinstates Shift4 Payments (FOUR) at Buy

Goldman Sachs analyst Will Nance reinstates coverage on Shift4 Payments (NYSE: FOUR) with a Buy rating and a price target of $104.00.

The analyst comments "We reinstate coverage of Shift4 (FOUR) with a Buy rating and a $104 price target, representing 20% upside, following the close of FOUR’s acquisition of Global Blue, which occurred in early July. We view FOUR as one of the top growth stories in our coverage and are constructive on the company’s unique approach to M&A that has resulted in FOUR maintaining high levels of growth without incurring outsized customer acquisition costs."

For an analyst ratings summary and ratings history on Shift4 Payments click here. For more ratings news on Shift4 Payments click here.

Shares of Shift4 Payments closed at $86.43 yesterday.

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