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Investing.com - Keefe, Bruyette & Woods raised its price target on Global Payments (NYSE:GPN) stock to $87.00 from $85.00 on Thursday, while maintaining a Market Perform rating on the payment technology company.
The research firm cited a "strong clean print" from Global Payments, noting the company’s latest financial results showed stabilization in business trends and early momentum in the Genius platform rollout.
KBW highlighted that these positive developments are driving optimism about the company exiting 2025 with improved performance trends.
The analyst report also mentioned positive developments in Global Payments’ free cash flow conversion and capital allocation strategies.
Despite the price target increase, KBW maintained its neutral stance, stating that while shares are "attractively valued," trading at a P/E ratio of 14.54x, the firm needs "greater visibility on consistent execution and managing risks" related to both standalone growth reacceleration and integration with the Worldpay acquisition before becoming more positive on the stock. For deeper insights into Global Payments’ valuation and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Global Payments Inc. reported second-quarter earnings that surpassed analyst expectations, leading to an upward revision of its full-year profit outlook. The company’s revenue was in line with Street estimates, as noted by Raymond (NSE:RYMD) James, which subsequently raised its price target to $100 while maintaining an Outperform rating. RBC Capital also adjusted its price target for Global Payments, increasing it to $93 and maintaining a Sector Perform rating, highlighting the momentum in the company’s transformation plans, including the rollout of its Genius POS brand. Jefferies raised its price target to $85, citing the company’s organic growth and improved margins, which contributed to a positive revision in its full-year earnings per share outlook.
Truist Securities reiterated a Hold rating with an $83 price target, acknowledging Global Payments’ solid performance in its latest earnings report. The company’s management emphasized the rollout of the Genius point-of-sale system and capital management priorities during their earnings call. These developments underscore Global Payments’ strategic initiatives and operational progress, as reflected in various analysts’ assessments.
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