Loop launches coverage of Payments with positive bias but cautions on volatility

As previously reported, Loop Capital initiated coverage of Block with a Buy rating and $75 price target as part of a broader research note launching coverage on Payments names. The significant reset in both expectations and valuation has the firm leaning with a positive bias regarding the group as a whole, though the space is not clear from high volatility and investors must be selective, the analyst tells investors in a research note. A new beginning could materialize in the second half of this year and into 2027 if investors believe once again that the stability in revenue growth, and thus EPS growth, for the space is dependable, Loop adds. In the order of preference, Loop launches coverage of Block (XYZ) at Buy with $75 price target, Fiserv (FISV) at Hold with $62 price target, Jack Henry (JKHY) at Buy with $197 price target, Mastercard (MA) at Buy with $631 price target, PayPal (PYPL) at Hold with $46 price target, Toast (TOST) at Hold with $26 price target, and Visa (V) at $Buy with $387 price target.