Analyst Gustavo Gala of Monness reiterated a Buy rating on Global Payments, retaining the price target of $135.00.
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Gustavo Gala has given his Buy rating due to a combination of factors that highlight Global Payments’ strong financial performance and strategic positioning. The company has demonstrated impressive growth, beating expectations on both revenue and earnings, with notable margin expansion. This performance is supported by a robust growth trajectory in key segments, including consolidated, merchant, and issuer services, which have all shown significant year-over-year growth.
Furthermore, Gala emphasizes the potential for continued growth as Global Payments integrates WorldPay, which could serve as a catalyst in a price-driven market. The company’s strategic initiatives, such as the expansion of the Genius platform and entry into new markets, are expected to drive further volume growth. Additionally, the involvement of Elliott Management and conservative fiscal expectations provide a compelling entry point for investors, with the anticipation of accelerated growth in the coming years. Despite competitive pressures, Gala believes that Global Payments is well-positioned to compete effectively on pricing and service levels, which enhances its long-term growth prospects.
In another report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $125.00 price target.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPN in relation to earlier this year.