Citi analyst Andrew Schmitt maintained a Buy rating on Global Payments (GPN – Research Report) yesterday and set a price target of $135.00.
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Andrew Schmitt’s rating is based on the potential upside in risk/reward dynamics seen in Global Payments’ current positioning following the latest earnings report. The company’s ongoing business transition is now taking shape with clearer initiatives and milestones, which contributes to an optimistic outlook. A significant focus lies on the rollout of the Genius POS system and the expansion of value-added services. These initiatives are expected to drive growth and improve the company’s performance. Despite the inherent execution risks associated with such transitions, there is an expectation of revenue stability and better capital allocation. Schmitt believes that with further optimization of its portfolio, Global Payments is well-positioned for positive returns, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $125.00 price target.