Citi analyst Andrew Schmidt has adjusted the price target for Global Payments (GPN, Financial), reducing it significantly from $135 to $92. Despite this substantial decrease, Schmidt maintains a Buy rating on the stock. The adjustment comes as investor concerns mount regarding the integration process with Worldpay and the potential for terminal growth challenges.
In a recent research note, Citi highlights a cautiously optimistic outlook on the risk and reward balance for Global Payments, suggesting that the recent downturn could offer upside potential. However, it's noted that any recovery might require patience, as the process may be a gradual one following the selloff observed last Thursday.
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.
