Global Payments price target raised to $135 from $120 at Barclays

Barclays analyst Ramsey El-Assal raised the firm’s price target on Global Payments (GPN) to $135 from $120 and keeps an Overweight rating on the shares. The firm says sector financial technology sentiment “is finally improving” heading into 2025, as valuations appear to be trending back toward average historical levels. As we enter 2025, investors appear to be generally more constructive on fintech names, the analyst tells investors in a research note. Barclays tells investors to “play stocks whose moves are only half finished.”