Shift4 Payments (FOUR) PT Raised to $125 at KBW as 'Investor Day Highlights Strong Growth Drivers'

Keefe, Bruyette & Woods analyst Sanjay Sakhrani raised the price target on Shift4 Payments (NYSE: FOUR) to $125.00 (from $112.00) while maintaining a Market Perform rating.

The analyst commented: "Investor Day Highlights Strong Growth Drivers; Following the 4Q release, we are adjusting our 2025 and 2026 Adjusted EBITDA estimates to $842.3m (from $831.7m) and $994.6m (from $985.2m), respectively, due to the strong underlying growth trends. We are also adjusting our PT to $125 (from $112) to reflect a 13x multiple on EV/2026 Adjusted EBITDA. Remain MP.

FOUR hosted an upbeat investor day, diving into their cross-sell and international expansion potential and continuation of their M&A strategy, which sets them up to expand distribution and continue to cross-sell. Management is highly confident of high teens organic growth over the next three years based on assets they have today, with ability to accelerate meaningfully with the acquisitions announced (i.e. Global Blue). While 2025 outlook is a bit light, management appears to be implying conservatism baked into the outlook."

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