Shift4 Payments (FOUR) Soars 2.70% on Positive Analyst Coverage

Shift4 Payments (FOUR) shares surged 2.70% today, marking the second consecutive day of gains, with a total increase of 3.76% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 3.60%.

The impact of a stock reaching a new high on future price movements was tested, analyzing the performance of FOUR over the next 1 week, 1 month, and 3 months. The backtest revealed that such an event generally has no impact on the stock's price, as the maximum return during the backtest period was only 0.37%, which occurred on the maximum return day, indicating that most of the time, the stock price remains relatively stable after reaching a new high.

Deutsche Bank recently reinstated its coverage on Shift4 Payments with a "Buy" rating and a $120 price target, indicating strong confidence in the company's future prospects. This positive outlook from a major financial institution is likely to have influenced investor sentiment and contributed to the recent upward trend in the stock price.

In addition to Deutsche Bank's endorsement, Truist Financial also raised its price target for Shift4 Payments from $97.00 to $109.00, while maintaining a "Hold" rating. This adjustment reflects Truist's optimism about the FinTech sector's solid setup and the ongoing discussions about the impact of stablecoins on the industry. These positive assessments from financial institutions are likely contributing factors to the changes in Shift4 Payments' stock price.