In a report released today, Bryan Bergin from TD Cowen maintained a Hold rating on Global Payments, with a price target of $95.00.
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Bryan Bergin has given his Hold rating due to a combination of factors influencing Global Payments’ current and future performance. The company has shown consistent execution over the past three quarters, which is a positive sign of its progress in its standalone transformation plan. This includes stable growth in its Merchant and Issuer segments, effective sales reorganization, and cost optimization efforts. However, despite these achievements, there is a significant overhang from the pending Worldpay deal, which introduces uncertainty and skepticism among investors.
The Worldpay acquisition is seen as a potential risk due to its large scale and the fragmented nature of the solutions involved. This skepticism is likely to limit the stock’s upside potential as investors remain cautious about the execution of the deal. While Global Payments has demonstrated strong standalone performance, the market is expected to wait for the closure of the Worldpay transaction in early 2026 and assess the company’s initial plans and execution before making further investment decisions. As a result, Bergin maintains a cautious stance with a Hold rating, reflecting both the company’s steady progress and the uncertainties surrounding the Worldpay deal.
Bergin covers the Technology sector, focusing on stocks such as Accenture, Block, and Genpact. According to TipRanks, Bergin has an average return of -1.1% and a 44.09% success rate on recommended stocks.