Wells Fargo Reaffirms Their Buy Rating on Global Payments (GPN)

In a report released today, Jason Kupferberg from Wells Fargo maintained a Buy rating on Global Payments, with a price target of $96.00.

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Kupferberg covers the Technology sector, focusing on stocks such as Toast Inc, Accenture, and Block. According to TipRanks, Kupferberg has an average return of -8.9% and a 44.35% success rate on recommended stocks.

Currently, the analyst consensus on Global Payments is a Hold with an average price target of $83.94.

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