Shift4 Payments Inc. (NYSE: FOUR) rose 3.69% in pre-market trading to $49.77 on Tuesday, extending gains after Wells Fargo upgraded the stock to overweight from equal weight and set a $59 price target.
The analyst action follows a broader market advance, with the S&P 500 up 0.5%, the Dow Jones Industrial Average rising 0.5%, and the Nasdaq gaining 1.0%. Shift4 Payments had previously declined about 47% over the past 12 months, trading near its 52-week low of $34.56 before the upgrade-driven rebound.
B.Riley maintained its buy rating on the shares but lowered its price target to $96 from $120. The stock’s 52-week high stands at $92.47, while InvestingPro’s fair value estimate places the shares at approximately $65.83.
