Truist Financial Sticks to Its Buy Rating for Global Payments (GPN)

Truist Financial analyst Andrew Jeffrey maintained a Buy rating on Global Payments (GPNResearch Report) today and set a price target of $130.00. The company’s shares opened today at $104.58.

According to TipRanks, Jeffrey is a 5-star analyst with an average return of 11.1% and a 61.89% success rate. Jeffrey covers the Technology sector, focusing on stocks such as WEX, Affirm Holdings, and Flywire.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments with a $156.12 average price target, implying a 49.28% upside from current levels. In a report released on October 10, Bank of America Securities also maintained a Buy rating on the stock with a $165.00 price target.

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Based on Global Payments’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.28 billion and a GAAP net loss of $673 million. In comparison, last year the company earned a revenue of $2.14 billion and had a net profit of $263.59 million

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Georgia-based Global Payments, Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments in North America, Europe, the Asia-Pacific, and Latin America. The company operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions.

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