Truist initiates coverage on Shift4 Payments with a Hold rating, citing concerns about growth strategy

From Financial Modeling Prep: 2025-06-02 16:19:00

Truist Securities initiated coverage on Shift4 Payments (NYSE:FOUR) with a Hold rating and a $97 price target, citing concerns about the company’s acquisition-driven growth strategy.

Analysts are wary of Shift4’s reliance on M&A activity, which could lead to long-term instability and client churn due to underinvestment in existing platforms.

Earnings revisions have historically driven Shift4’s stock performance, and Truist expects investor sentiment to improve after the Global Blue acquisition closes in the second half of 2025.

The $97 price target is based on 18x projected 2026 adjusted NOPAT, with an additional $6 per share value attributed to the Global Blue deal. Truist advises caution and recommends staying on the sidelines for now.



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