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Global Payments (GPN) Receives a Buy from Wells Fargo

Tipranks - Tipranks - Tue Jun 23, 6:10AM CDT

In a report released today, Jason Kupferberg from Wells Fargo maintained a Buy rating on Global Payments, with a price target of $105.00.

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Kupferberg covers the Technology sector, focusing on stocks such as Globant SA, Toast Inc, and Automatic Data Processing. According to TipRanks, Kupferberg has an average return of -8.8% and a 42.30% success rate on recommended stocks.

In addition to Wells Fargo, Global Payments also received a Buy from Susquehanna’s James Friedman in a report issued on June 11. However, on June 15, RBC Capital maintained a Hold rating on Global Payments (NYSE: GPN).

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Based on Global Payments’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.97 billion and a GAAP net loss of $1.8 billion. In comparison, last year the company earned a revenue of $2.41 billion and had a net profit of $305.73 million

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