Wells Fargo Remains a Buy on Global Payments (GPN)
In a report released yesterday, Andrew Bauch from Wells Fargo maintained a Buy rating on Global Payments, with a price target of $123.00. The company’s shares closed yesterday at $82.12.
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According to TipRanks, Bauch is an analyst with an average return of -0.7% and a 42.36% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Global Payments with a $108.33 average price target, implying a 31.92% upside from current levels. In a report released on December 9, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $87.00 price target.
Based on Global Payments’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.01 billion and a net profit of $635.21 million. In comparison, last year the company earned a revenue of $2 billion and had a net profit of $315.13 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Robert Jr. Baldwin, a Director at GPN bought 13,392.00 shares for a total of $1,086,866.64.
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