On Sep 25, major Wall Street analysts update their ratings for $Global Payments (GPN.US)$, with price targets ranging from $122 to $194.
Morgan Stanley analyst James Faucette maintains with a buy rating, and adjusts the target price from $164 to $156.
J.P. Morgan analyst Tien Tsin Huang maintains with a hold rating.
BofA Securities analyst Jason Kupferberg maintains with a buy rating, and maintains the target price at $156.
Barclays analyst Ramsey El Assal maintains with a buy rating, and maintains the target price at $145.
Jefferies analyst Trevor Williams maintains with a buy rating, and maintains the target price at $130.
Furthermore, according to the comprehensive report, the opinions of $Global Payments (GPN.US)$'s main analysts recently are as follows:
Global Payments' recent Investor Day is noted to have fallen short of clarifying market confusions, and it seems investors may still be seeking further clarity on the company's business segments and the quality of its earnings. Despite this, the company's valuation is perceived as compelling against the backdrop of solid fundamentals. However, patience may be required, along with sustained outperformance, for the stock to gain traction.
The company's recent Investor Day was marked by volatility, with guidance for 2025 falling short of expectations and a lack of reaffirmation of its 2024 outlook, which may suggest an anticipated slowdown in the latter half of the year. On the positive side, an emphasis on capital management, including increased buybacks and potential gains from dispositions, was highlighted. Conversely, a modestly lower free cash flow conversion was noted as a slight drawback.
The analyst noted that although the Investor Day message for Global Payments was initially well-received, there was later a recognition that the execution of the strategy would result in a transition year in FY25 with growth below the street's expectations. Despite this, there are several positive elements in the company's renewed strategy, and the value proposition remains attractive from a relative standpoint.
After attending the company's 2024 investor day, an analyst noted the introduction of a significant operational transformation initiative, detailed financial profiles for the Merchant Solutions subsegment, and the provision of FY25 guidance alongside an updated medium-term model outlook. The company's preliminary guidance for FY25 suggests a 'transition year,' where resources will be reallocated within Merchant Solutions to support the operational transformation. Despite the FY25 forecast, the analyst expressed encouragement regarding the FY26/2027 aspect of the medium-term outlook and the updated approach to capital allocation.
The absence of a clear strategy for Global Payments to enhance growth by fiscal 2026 suggests the stock might remain stagnant for the upcoming quarters. The initial guidance for fiscal 2025 was not up to market expectations, although there was a medium-term forecast that hinted at hastened growth for both revenue and earnings. The analyst notes that the requirement to hasten the company's performance in a 15-month period to achieve these medium-term goals is the reason for a less optimistic outlook.
Here are the latest investment ratings and price targets for $Global Payments (GPN.US)$ from 13 analysts:
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美東時間9月25日，多家華爾街大行更新了$環匯有限公司 (GPN.US)$的評級，目標價介於122美元至194美元。
摩根士丹利分析師James Faucette維持買入評級，並將目標價從164美元下調至156美元。
摩根大通分析師Tien Tsin Huang維持持有評級。
美銀證券分析師Jason Kupferberg維持買入評級，維持目標價156美元。
巴克萊銀行分析師Ramsey El Assal維持買入評級，維持目標價145美元。
富瑞集團分析師Trevor Williams維持買入評級，維持目標價130美元。
此外，綜合報道，$環匯有限公司 (GPN.US)$近期主要分析師觀點如下：
據指出，Global Payments最近的投資者日未能澄清市場的困惑，看來投資者可能仍在尋求進一步澄清該公司的業務領域及其收益質量。儘管如此，在基本面穩健的背景下，該公司的估值仍被認爲令人信服。但是，該股可能需要耐心，並持續跑贏大盤，才能獲得吸引力。
該公司最近的投資者日以波動爲特徵，2025年的預期低於預期，也沒有重申其2024年展望，這可能表明預計下半年將放緩。從積極的方面來看，強調了對資本管理的重視，包括增加回購和處置的潛在收益。相反，自由現金流轉化率略低被認爲是一個小缺點。
該分析師指出，儘管全球支付的投資者日信息最初受到好評，但後來人們認識到，該戰略的執行將導致25財年進入過渡年，增長低於華爾街的預期。儘管如此，公司新的戰略中有一些積極的因素，從相對的角度來看，價值主張仍然具有吸引力。
在參加公司2024年投資者日活動後，一位分析師指出，已推出一項重大的運營轉型計劃，商業解決方案子板塊的詳細財務概況，並提供了25財年指導以及最新的中期模型展望。該公司對25財年的初步指導表明了 「過渡年」，將在商戶解決方案中重新分配資源以支持運營轉型。儘管有25財年的預測，但該分析師對26/2027財年的中期展望和更新的資本配置方法表示鼓舞。
全球支付缺乏在2026財年之前促進增長的明確戰略，這表明該股在接下來的幾個季度中可能保持停滯不前。儘管中期預測暗示收入和收益將加快增長，但2025財年的初步指導並未達到市場預期。分析師指出，需要在15個月內加快公司業績以實現這些中期目標，這是前景不那麼樂觀的原因。
以下爲今日13位分析師對$環匯有限公司 (GPN.US)$的最新投資評級及目標價：
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