BTIG has revised its price target for Shift4 Payments (FOUR, Financial), reducing it from $135 to $110, while maintaining a Buy rating for the stock. The financial services firm highlighted that Shift4's major market segments are highly sensitive to consumer spending trends, which could potentially impact growth prospects amid current economic uncertainties.
Despite these challenges, BTIG remains optimistic about Shift4's ability to sustain growth through its backlog of new projects and enhanced cross-selling initiatives. The firm anticipates that these strategies will enable Shift4 to achieve double-digit growth rates even if consumer spending experiences significant downturns this year.
Looking ahead, BTIG believes that Shift4 is positioned to maintain such growth projections into fiscal year 2025, regardless of potential adverse consumer expenditure scenarios. This outlook suggests that the company is equipped to handle various market conditions while continuing to expand its business.
