$FOUR

B.Riley reduced its price target on Shift4 Payments (NYSE:FOUR) to $94 from $96, citing concerns about global travel trends. The firm lowered its 2026 and 2027 EPS estimates to $5.16 and $6.23, respectively. Shift4 is expected to generate $500M in free cash flow this year, with a 16% free cash flow yield. Other analysts have also adjusted their price targets, with mixed outlooks on the company's growth prospects.

Shift4 Payments, Inc. 6 SER A CNV PREF (FOUR.PR.A) announced a $1.50 per share quarterly dividend, matching its prior payment. The forward yield is 12.02%. The dividend is payable on November 2 to shareholders of record on October 15, with an ex-dividend date of October 15.

Shift4 Payments (FOUR) lowered its full-year outlook due to Middle East travel disruption and foreign exchange pressure. Despite this, Q3 results beat guidance with 34% gross revenue growth and 51% growth in gross revenue less network fees. Analysts have mixed views, with some seeing the stock as undervalued and others cautioning about aggressive growth models. The company refinanced debt, extending maturities to 2031.

StoneX reduced its price target for Shift4 Payments (NYSE:FOUR) to $56 from $67, citing the impact of the Iran war on its business, particularly tax-free shopping transactions. The stock has fallen 55% over the past year and is currently trading at $39.28. Analysts have mixed views, with some lowering targets and others upgrading the stock.

Fiserv (FISV) reported Q2 revenue of $4.96B, down 4.5% YoY, missing estimates. EVERTEC (EVTC) saw 19.7% YoY revenue growth, beating estimates. Shift4 (FOUR) grew 34% YoY but missed guidance. Jack Henry (JKHY) beat estimates with 6.6% YoY growth. Payment processor stocks are down 4.8% on average post-earnings.

Analysts provided mixed ratings for three tech companies. Truist's Matthew Coad maintained a Hold rating on Shift4 Payments (FOUR) with a $49 price target. CrowdStrike (CRWD) received a Buy rating from Cantor Fitzgerald's Jonathan Ruykhaver with a $250 target. Salesforce (CRM) was reiterated as Buy by Cantor Fitzgerald's Matthew VanVliet with a $250 target. Consensus ratings and targets vary for each company.

Shift4 Payments (FOUR) stock rose 4.6% after Wells Fargo upgraded it to Overweight, citing international synergies and stronger free cash flow. The firm raised its price target to $59. Despite FX headwinds, shares cooled to $49.86, up 3.9%. Q2 revenue grew 34% to $1.3B, but guidance was cut due to Middle East disruptions and FX impacts.

Dick's Sporting Goods (DKS) fell 27% after reporting $5.59B in sales, missing estimates. Dynatrace (DT) rose 3% on a Morgan Stanley upgrade. Shift4 Payments (FOUR) gained 4% after a Wells Fargo upgrade. Moderna (MRNA) climbed 13% following a Wolfe Research upgrade. Marvell (MRVL) jumped 5% on higher price targets. AMD (AMD) rose 5% after a Raymond James upgrade. Kura Oncology (KURA) gained 10% after CEO bought shares. Navitas Semiconductor (NVTS) rose 5% on a $232.8M deal with Claros.

Analysts upgraded five companies: UBS raised Fluence Energy's (FLNC) target to $12, Morgan Stanley boosted Dynatrace's (DT) target to $65, Raymond James upgraded AMD (AMD) to Strong Buy with a $641 target, Bernstein increased Summit Therapeutics' (SMMT) target to $11.9, and Wells Fargo raised Shift4 Payments' (FOUR) target to $59.

Wall Street analysts issued updates on several companies. AMD was upgraded to Strong Buy with a $641 target, while Five Below was downgraded to Hold. Bitcoin continued its rally, trading near $79,420. Investors await Fed comments and inflation data.