TD Cowen raised the firm’s price target on Global Payments (GPN) to $135 from $122 and keeps a Buy rating on the shares. The firm said the continuation of sturdy macro indicators support steady Payments performance in 2025. An acceleration in bank volumes were expected, but upside provides comfort in continued consumer health. 4Q estimates are broadly reasonable, leaving the focus on FY25 guides where Cowen sees limited surprises in play.
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Read More on GPN:
- Global Payments downgraded to Equal Weight from Overweight at Stephens
- Global Payments downgraded to Neutral from Buy at Goldman Sachs
- Global Payments price target raised to $166 from $156 at Morgan Stanley
- Global Payments price target raised to $135 from $120 at Barclays
- Global Payments price target raised to $140 from $130 at Keefe Bruyette