5 Best Payment Processing Stocks to Buy Now

3. Shift4 Payments Inc. (NYSE:FOUR)

Shift4 Payments Inc. (NYSE:FOUR) is one of the 10 best payment processing stocks to buy now.

On May 27, Truist lowered its price target on Shift4 Payments Inc. (NYSE:FOUR) from $50 to $46, while maintaining a Hold rating. The price target adjustment is based on revisions to the firm’s projections across core metrics. However, it increased the adjusted earnings per share forecast to the low single digits.

Truist expects the second quarter to be another solid period for the business. This momentum is likely to be supported by the ongoing World Cup event in North America.

Back in mid-May, it was revealed that Shift4 Payments Inc. (NYSE:FOUR) businesses can now accept Tether (USDT-USD) while settling payments in local currency, thanks to the company’s partnership with Lydian to enhance Shift4’s Pay with Crypto solution. Customers can use any major wallet to make payments with Shift4’s Pay with Crypto solution.

Without keeping or managing digital assets, merchants receive money directly in their local currency. According to Shift4 CEO Taylor Lauber, the company created its Pay with Crypto solution in reaction to the increasing use of cryptocurrencies as a common form of payment. He pointed out that accepting Tether gives businesses a safe and easy way to make payments, building on the program’s success without adding further complications.

The approach, he continued, enables businesses to cater to a rapidly expanding customer base that prefers to use stablecoins for payment.

Shift4 Payments Inc. (NYSE:FOUR) is a payment processing company that provides software and payment solutions worldwide. The company facilitates an end-to-end payment process covering various payment types, including credit, debit & contactless cards, Europay, QR Pay, and mobile wallets.