Analyst revamps Shift4 Payments stock outlook after acquisition uncertainty

Here's what could happen next to Shift4 shares.

Mar 20, 2024 - 06:30
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Analyst revamps Shift4 Payments stock outlook after acquisition uncertainty

Jared Isaacman ain't afraid of heights.

The founder and CEO of Shift4 Payments  (FOUR)  has performed in air shows with the Black Diamond Jet Team, set a world record for circumnavigating the globe in a light jet, and was the commander of Inspiration4, a private spaceflight using SpaceX's Crew Dragon Resilience, that launched from Kennedy Space Center in Florida in September 2021.

Isaacman even bought a Super Bowl ad that year to publicize the mission, which was part of a fundraiser for St. Jude Children's Research Hospital, to which Isaacman pledged to donate $100 million.

“I truly want us to live in a world 50 or 100 years from now where people are jumping in their rockets like the Jetsons and there are families bouncing around on the moon with their kid in a spacesuit,” Isaacman told The Associated Press ahead of the mission. 

And Isaacman, who founded the Center Valley, Pa., payment-processing company in 1999 when he was 16 years old, is getting ready to blast off again. 

This mission, known as Polaris Dawn, is scheduled to launch next month after being pushed back about 18 months from the initial target of fourth-quarter 2022.

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