In a report released yesterday, Trevor Williams from Jefferies maintained a Buy rating on Global Payments (GPN – Research Report), with a price target of $125.00.
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Trevor Williams has given his Buy rating due to a combination of factors that demonstrate potential for growth and stability in Global Payments’ financial outlook. The company is expected to see improvement in merchant growth, particularly in the second half of the fiscal year, as restructuring initiatives begin to yield benefits. These initiatives include the launch of the Genius POS system for small and medium-sized businesses and changes in sales incentive structures, which are projected to enhance organic growth.
Additionally, issuer growth is anticipated to gain momentum as contract renewals from the previous year start to show their impact. The company is also making strategic divestitures, particularly in the Asia-Pacific region, which could facilitate additional capital returns. Furthermore, although the EPS growth forecast has been slightly lowered due to foreign exchange impacts and the transition to expensing stock-based compensation, the long-term growth potential remains robust, supporting a positive outlook.
Williams covers the Financial sector, focusing on stocks such as Visa, PayPal Holdings, and Mastercard. According to TipRanks, Williams has an average return of 3.1% and a 55.91% success rate on recommended stocks.