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RBC Capital Remains a Buy on Shift4 Payments (FOUR)

Tipranks - Tipranks - Sat Feb 28, 6:28AM CST

In a report released yesterday, Daniel Perlin from RBC Capital maintained a Buy rating on Shift4 Payments, with a price target of $73.00. The company’s shares closed yesterday at $48.41.

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Perlin covers the Technology sector, focusing on stocks such as Jack Henry & Associates, NCR Voyix, and Wealthfront Corporation. According to TipRanks, Perlin has an average return of -12.4% and a 32.39% success rate on recommended stocks.

In addition to RBC Capital, Shift4 Payments also received a Buy from BTIG’s Andrew Harte in a report issued today. However, yesterday, KBW maintained a Hold rating on Shift4 Payments (NYSE: FOUR).

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Based on Shift4 Payments’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.18 billion and a net profit of $28.1 million. In comparison, last year the company earned a revenue of $909.2 million and had a net profit of $53.8 million

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