Global Payments price target raised to $139 from $130 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Global Payments (GPN) to $139 from $130 and keeps an Outperform rating on the shares after its Q4 results and guidance. The company’s transformation agenda set out at its Investor Day is very much in full force, with divestitures, pruning of the overall portfolio, and simplifying its overall organizational structure, the analyst tells investors in a research note. Global Payments’ more homogeneous go-to-market motions were also evidenced in the quarter and embedded in FY25 guidance, RBC adds.