Barclays analyst Ramsey El Assal maintains $Global Payments (GPN.US)$ with a buy rating, and adjusts the target price from $145 to $120.
According to TipRanks data, the analyst has a success rate of 52.0% and a total average return of 0.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Global Payments (GPN.US)$'s main analysts recently are as follows:
The firm expressed some disappointment following Global Payments' Investor Day, noting that it did not significantly clarify market confusion. The need for greater clarity on business trends and the quality of earnings persists. Despite these issues, the firm sees the stock's valuation as attractive given the robust fundamentals but anticipates that a period of sustained outperformance will be necessary for the stock's success.
The company's recent Investor Day was marked by uncertainty, as management's guidance for 2025 fell short of expectations without a clear reiteration of the 2024 outlook, suggesting a potential slowdown in the latter half of the year. A notable highlight was the focus on capital management, featuring increased buybacks and potential benefits from dispositions. However, a modest downside was noted in the form of lower free cash flow conversion.
Note:
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