Shift4 Payments (FOUR) PT Lowered to $74 at DA Davidson as Q1 Results Meet Expectations

DA Davidson analyst Peter Heckmann lowered the price target on Shift4 Payments (NYSE: FOUR) to $74.00 (from $82.00) while maintaining a Buy rating.

The analyst commented, "Shift4 reported 1Q results, with net revenue and adjusted EBITDA matching our forecasts (and the consensus). With 1Q results, management affirmed their prior guidance for 2026 despite an approximate $25M-$26M anticipated drag on Tax-Free Shopping revenue in the first-half from ongoing disruptions to global travel patterns. Following results, we have fine-tuned our forecasts for 2026 and 2027, raising our adjusted EBITDA forecasts by 1%-2% each. We are maintaining our BUY rating on Shift4 Payments but lowering our price target to $74 (from $82)."

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