KeyBanc has significantly adjusted its price target for Global Payments (GPN, Financial), reducing it from $145 to $80 while maintaining an Overweight rating on the stock. This adjustment comes as the firm reviews its estimates and projections across various companies, taking into account the heightened uncertainty that persists for the remainder of the fiscal year.
KeyBanc has expressed a cautious outlook as it approaches first-quarter performance reports, highlighting the unpredictable factors that could impact its coverage. In light of these uncertainties, the firm aims to take a more conservative approach in evaluating potential outcomes and strategizing for the future. Despite the lower price target, Global Payments retains the Overweight status, reflecting an expectation of outperforming the market relative to other stocks.
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 $113.08 with a high estimate of $194.00 and a low estimate of $65.00. The average target implies an upside of 58.40% from the current price of $71.39. More detailed estimate data can be found on the Global Payments Inc (GPN) Forecast page.
Based on the consensus recommendation from 35 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 $124.20, suggesting a upside of 73.97% from the current price of $71.39. 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.
