Hold Rating Maintained for Global Payments Amid Uncertainty and Merger Prospects

Andrew Bauch, an analyst from Wells Fargo, maintained the Hold rating on Global Payments (GPN – Research Report). The associated price target remains the same with $77.00.

Andrew Bauch has given his Hold rating due to a combination of factors surrounding Global Payments’ recent performance and future prospects. The company’s first-quarter results were generally in line with expectations, with some areas slightly outperforming. However, the market’s focus is on the long-term potential of the merger between Global Payments and WP, which has yet to be fully realized. Investors are particularly interested in how the combined entity will drive revenue acceleration in the latter half of the year and the completion of the WP/Issuer deals, which are expected to provide more clarity on future growth.
Despite the reaffirmation of the 2025 guidance amid a challenging macroeconomic environment, there remains a degree of uncertainty regarding the business composition and competitive landscape following the merger. The stock has underperformed year-to-date, and investor sentiment appears cautious until more concrete evidence of transformation and growth potential from the combined assets is visible. As a result, Bauch maintains a Hold rating, reflecting a wait-and-see approach until the anticipated benefits of the merger become clearer.

In another report released today, Mizuho Securities also maintained a Hold rating on the stock with a $86.00 price target.

GPN’s price has also changed moderately for the past six months – from $115.040 to $79.280, which is a -31.08% drop .