Investment firm Baird has revised its price target for Global Payments (GPN, Financial), reducing it from $145 to $100. Despite this adjustment, Baird continues to assign an Outperform rating to the company's shares.
The adjustment follows a detailed review of Global Payments' market stance in the wake of its acquisition of Worldpay. The revised price target reflects Baird's updated model, incorporating the impact of this strategic acquisition on Global Payments' market positioning and future prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Global Payments Inc (GPN, Financial) is $118.56 with a high estimate of $194.00 and a low estimate of $65.00. The average target implies an upside of 70.69% from the current price of $69.46. More detailed estimate data can be found on the Global Payments Inc (GPN) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Global Payments Inc's (GPN, 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 Global Payments Inc (GPN, Financial) in one year is $124.19, suggesting a upside of 78.79% from the current price of $69.46. 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 Global Payments Inc (GPN) Summary page.
