Analysts Are Upgrading These 5 Stocks

In this article, we discuss the 5 stocks receiving upgrades from analysts. If you want to see more such stocks on the list, go directly to Analysts Are Upgrading These 10 Stocks. 

05. Shift4 Payments, Inc. (NYSE:FOUR)

Number of Hedge Fund Holders: 32

Shift4 Payments, Inc. (NYSE:FOUR) is a prominent company that offers comprehensive payment processing and technology solutions. Their offerings go beyond traditional payment services and encompass a diverse range of commerce-related tools, forming a complete omnichannel ecosystem. Their advanced technologies are utilized by more than 350 software providers across various industries, such as hospitality, retail, food and beverage, e-commerce, lodging, gaming, and numerous others. Shift4 Payments, Inc. (NYSE:FOUR) aims to enable businesses in these sectors by providing the necessary tools and services to enhance their operations and streamline their payment processes. On June 14, MoffettNathanson revised their outlook for Shift4 Payments, Inc. (NYSE:FOUR) from Market Perform to Outperform.

Artisan Small Cap Fund made the following comment about Shift4 Payments, Inc. (NYSE:FOUR) in its Q1 2023 investor letter:

“Shift4 Payments, Inc. (NYSE:FOUR) provides integrated payments and commerce-enabling software to industries with complex payments workflows. The company’s business is built on three key components. First, its payments platform can be broadly integrated to over 400 software suites. Second, it has industry-tailored technology solutions such as SkyTab for the food and beverage industry (35% market share) and VenueNext for sports and entertainment industry (50% of NFL stadiums). And last, its products are distributed through a vast network of independent software vendors and value-added resellers. We believe the company will continue to generate attractive growth as it continues gaining market share within its core restaurant and hospitality verticals, converts payment gateway customers to end-to-end commerce solutions and enters new verticals.”