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Investing.com - Raymond (NSE:RYMD) James raised its price target on Global Payments (NYSE:GPN) to $100.00 from $92.00 on Wednesday, while maintaining an Outperform rating following the company’s second-quarter results. According to InvestingPro data, the stock appears undervalued, trading at a P/E ratio of 13.6x despite maintaining strong financial metrics and receiving positive analyst revisions.
The payment technology company reported second-quarter earnings that beat analyst expectations by approximately 1%, while revenue was in line with Street estimates. Raymond James noted several early successes following the rollout of Global Payments’ new Genius POS platform.
Global Payments reiterated its fiscal year 2025 constant currency adjusted revenue outlook for 5-6% growth. The company now expects adjusted earnings per share to increase at the high end of the 10-11% constant currency range, driven by a modest increase in operating margin outlook and an accelerated $500 million share repurchase program.
Raymond James highlighted that Global Payments received HSR clearances for its Worldpay/Issuer deal, which remains on track to close in the first half of 2026. The firm expects analyst estimates for the company to "creep modestly higher," though its own pro forma model remains largely unchanged.
The investment firm views Global Payments as having a favorable risk/reward profile, noting the stock trades at less than 6 times Raymond James’ 2026 estimated pro forma earnings per share despite mid-teens EPS growth potential.
In other recent news, Global Payments Inc. reported second-quarter earnings that surpassed analyst expectations. The company also increased its profit outlook for the full year. This positive earnings report has drawn attention from investors, highlighting the company’s strong financial performance. Analysts from various firms have noted the significance of these results in their evaluations. While there are no current reports of analyst upgrades or downgrades, the improved profit outlook suggests a positive trajectory. These developments are part of a series of recent updates concerning Global Payments. The company’s financial health and future projections continue to be a focal point for market observers.
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