Seaport Global upgrades Global Payments stock rating to Buy on Worldpay integration
Seaport Global Securities has upgraded Global Payments (NYSE:GPN) from Neutral to Buy, setting a price target of $109.00, implying a 41% upside. This upgrade is driven by Global Payments moving past a "transition year" in 2025 and integrating Worldpay and Genius businesses in 2026, which is expected to bolster its relevance with small to medium-sized businesses and lead to mid-teens EPS growth and 5% revenue growth in 2026. The company's current valuation at a low P/E ratio relative to near-term earnings growth suggests potential for re-rating as full integration progresses.
https://www.investing.com/news/analyst-ratings/seaport-global-upgrades-global-payments-stock-rating-to-buy-on-worldpay-integration-93CH-4447181