Truist Financial Forecasts Strong Price Appreciation for Global Payments (NYSE:GPN) Stock

Key Points

• Truist Financial raised Global Payments’ price target from $79 to $95 while maintaining a “hold” rating, implying about 1.19% upside from the stock’s current price.
• Analyst sentiment remains mixed, with 10 buy ratings, 15 holds, and three sells; the consensus rating is “Hold” with an average price target of $92.16.
• Global Payments slightly beat quarterly earnings expectations, reporting $3.46 in EPS versus $3.44 forecast and $3.16 billion in revenue, up 68.6% year over year. Institutional investors own approximately 89.76% of the company.

Global Payments (NYSE:GPN - Get Free Report) had its price target hoisted by analysts at Truist Financial from $79.00 to $95.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Truist Financial's price objective suggests a potential upside of 1.19% from the stock's current price.

GPN has been the subject of a number of other research reports. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the company a "positive" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their target price on Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Robert W. Baird set a $120.00 price target on Global Payments in a report on Thursday, August 6th. The Goldman Sachs Group increased their price target on Global Payments from $82.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Stephens set a $80.00 price target on Global Payments and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $92.16.

Global Payments Stock Performance

Shares of GPN stock opened at $93.88 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $24.84 billion, a PE ratio of -31.48, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The stock has a 50-day moving average of $80.31 and a 200-day moving average of $74.06. Global Payments has a one year low of $61.16 and a one year high of $95.88.

Global Payments (NYSE:GPN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.44 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. Global Payments's revenue for the quarter was up 68.6% on a year-over-year basis. During the same period last year, the company posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts expect that Global Payments will post 13.66 earnings per share for the current year.

Institutional Investors Weigh In On Global Payments

Several institutional investors have recently bought and sold shares of GPN. Strive Financial Group LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at about $25,000. DV Equities LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. acquired a new position in Global Payments during the third quarter valued at approximately $35,000. Torren Management LLC bought a new position in Global Payments in the fourth quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. grew its stake in Global Payments by 87.5% in the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock valued at $37,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 89.76% of the company's stock.

About Global Payments

Global Payments Inc NYSE: GPN is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.

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