Global Payments Inc. (GPN) has experienced a varied performance recently, with its stock alternating between underperformance and outperformance in comparison to competitors. Notably, various investment firms have either raised or lowered their price targets for GPN; TD Cowen decreased the price target to $152.00 while Morgan Stanley raised it to $164.00. The company's Q3 and Q4 earnings for 2023 managed to beat expectations and again in Q1 2024. There are assertions that GPN may sell its AdvancedMD for half of the expected $3 billion. This mixed bag continues as some firms increased their shares in Global Payments, while others chose to decrease their stake. The firm's international sales are under scrutiny, while their reliance on Latam operations panned out positively for Q4 earnings. They denied acquisition talks with Shift4 and reached out to small merchants via partnering with Commerzbank. A few investment firms are optimistic about GPN's earnings for the next weeks. The company's financial performance includes beating EPS expectations in Q1 2024 and strong growth in Q4 and FY 2023. However, GPN disappointed with a 4.2% drop post last earnings report and missing the annual revenue forecast.
Global Payments GPN News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Wed, 08 May 2024 14:59:50 GMT -
Rating 2
- Innovation 0
- Information 5
- Rumor -2
