Wells Fargo analyst Andrew Bauch has reduced the price target for Global Payments (GPN) from $105 to $77 while maintaining an Equal Weight rating on the stock. This adjustment follows Global Payments' involvement in a significant three-party deal with FIS and GTCR, which has sparked intense market debate.
The company's shares experienced notable downward pressure as differing opinions emerged regarding the economic benefits, potential for successful execution, and long-term growth prospects associated with the deal. The concerns voiced by critics appear to have gained traction, influencing the analyst's decision to lower the target price.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Fidelity National Information Services Inc (FIS, Financial) is $84.83 with a high estimate of $113.00 and a low estimate of $53.00. The average target implies an upside of 11.08% from the current price of $76.37. More detailed estimate data can be found on the Fidelity National Information Services Inc (FIS) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Fidelity National Information Services Inc's (FIS, Financial) average brokerage recommendation is currently 2.2, 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 $88.94, suggesting a upside of 16.46% from the current price of $76.37. 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.
