D.A. Davidson Lowers PT on Shift4 Payments (FOUR), Keeps a Buy

Core Viewpoint - Shift4 Payments, Inc. (NYSE:FOUR) is identified as a promising growth stock despite a recent price target reduction by analysts, indicating potential investment opportunities in the company [1]. Financial Performance and Guidance - D.A. Davidson analyst Peter Heckmann lowered the price target for Shift4 Payments from $124 to $114 ahead of the fiscal third-quarter earnings announcement scheduled for November 6, 2025 [1][2]. - The company anticipates gross revenue less network fees for the third quarter to be approximately $590 million, with adjusted EBITDA expected to be around $290 million [2]. - For the full year, management maintains a volume range of $200 billion to $220 billion and expects gross revenue less network fees between $1.965 billion and $2.035 billion [3]. - The analyst expects the company to meet or slightly exceed these forecasts and anticipates that management will affirm or potentially increase the full-year guidance [3]. Strategic Focus - Investors expect Shift4 Payments to slow down additional acquisitions until mid-2026, emphasizing the need to focus on integrating recent deals [3]. - The company provides software and payment processing solutions across the United States, supporting various payment methods including credit cards, mobile wallets, and alternative payment options [4].