Monness analyst Gustavo Gala reiterated a Buy rating on Global Payments (GPN – Research Report) today and set a price target of $155.00.
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Gustavo Gala’s rating is based on several strategic initiatives undertaken by Global Payments that are expected to enhance the company’s financial performance and shareholder value. The company has demonstrated a commitment to returning capital to shareholders through divestitures and a substantial share repurchase program, which are seen as positive steps towards improving shareholder returns.
Additionally, the company’s efforts to streamline its operations and enhance its product offerings through the Genius transformation are anticipated to support growth. The planned rollout of the Genius platform across various regions and sectors is expected to drive revenue. Management’s guidance for steady growth in core earnings per share and revenue further strengthens the case for a Buy rating, as these initiatives collectively create a favorable risk-reward scenario for investors.
In another report released today, KBW also maintained a Buy rating on the stock with a $140.00 price target.