Shift4 Payments saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 93 to 96.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Shift4 Payments is not currently near a proper buy zone. Look for the stock to form and break out of a new base.
The stock earns a 98 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 13% earnings gain for Q1. Top line growth came in at 20%, down from 26% in the prior quarter.
Shift4 Payments holds the No. 6 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe, Sezzle and Toast are among the top 5 highly-rated stocks within the group.
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