William Blair Starts Shift4 Payments (FOUR) at Outperform

William Blair analyst Andy Jeffrey initiates coverage on Shift4 Payments (NYSE: FOUR) with a Outperform rating.

The analyst comments "We initiate coverage of Shift4 at Outperform. We expect the fast-growing founder- run end-to-end (E2E) processor to post above-average revenue, EBITDA, free cash flow, and ROIC growth as it takes share. We consider Shift4 unique, operating four complementary businesses: a proprietary gateway; a leading venue payments and ticketing business; an emerging software-enabled POS; and a cross-border e-commerce acquirer. Competitive advantage. We see Shift4 as a rising competitor in the roughly $12 trillion U.S. electronic payments market. Shift4 is relatively small, with less than $200 billion in volume. However, it has roughly $550 billion of undermonetized payment opportunity as the company sells into enterprises wishing to consolidate technology vendors, and SMBs seeking POS software integration."

For an analyst ratings summary and ratings history on Shift4 Payments click here. For more ratings news on Shift4 Payments click here.

Shares of Shift4 Payments closed at $79.18 yesterday.

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