Wells Fargo has adjusted its price target for Global Payments (GPN), reducing it from $105 to $77. This move comes as the company has recently announced a substantial three-way deal involving FIS and GTCR. The announcement has placed considerable pressure on Global Payments' stock, as the market debates the deal's implications.
Analysts at Wells Fargo maintain an Equal Weight rating on Global Payments shares, indicating a neutral stance. The recent market reaction to the deal suggests that there are significant concerns among investors about the economic rationale, execution capabilities, and potential for long-term growth resulting from this arrangement.
Although the initial drop in Global Payments' stock price might seem excessive, Wells Fargo points out that the transaction has raised more questions than it has answered, leaving investors uncertain about its future impact. As such, the market remains cautious, awaiting clearer insights into how the deal might reshape the company's prospects moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Fidelity National Information Services Inc (FIS, Financial) is $83.39 with a high estimate of $113.00 and a low estimate of $53.00. The average target implies an upside of 11.82% from the current price of $74.58. More detailed estimate data can be found on the Fidelity National Information Services Inc (FIS) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Fidelity National Information Services Inc's (FIS, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fidelity National Information Services Inc (FIS, Financial) in one year is $89.21, suggesting a upside of 19.62% from the current price of $74.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fidelity National Information Services Inc (FIS) Summary page.
