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Global Payments Inc.’s Stock Price Soars to $101.02, Marking a Robust 3.43% Increase

By September 28, 2024 No Comments

Global Payments Inc. (GPN)

101.02 USD +3.35 (+3.43%) Volume: 2.7M

Global Payments Inc.’s stock price stands at 101.02 USD, marking a notable increase of +3.43% in this trading session, backed by a solid trading volume of 2.7M. Despite the recent gains, GPN’s stock price performance year-to-date reflects a decrease of -20.46%.


Latest developments on Global Payments Inc.

Global Payments stock took a hit today as BTIG downgraded the company to Neutral, causing the stock to fall on the NYSE. Analysts criticized Global Payments for falling out of favor due to CBDCs and investors’ fears weighing heavily on the stock. Despite updating their strategy and medium-term outlook at an investor conference, the stock dropped 6.5% as the 2025 outlook spooked investors. With a series of downgrades and price target cuts from various research firms, Global Payments issued below-Street 2025 sales guidance, disappointing investors and causing shares to tumble. However, the company remains optimistic about delivering double-digit adjusted EPS growth in 2025, backing their forecasted growth view of 10%.


Global Payments Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely following Global Payments Inc., a company that has been making strategic moves to expand its integrated solutions and drive growth through recent acquisitions. In their research reports titled “Global Payments Inc: Expanding Integrated Solutions & Recent Acquisitions Driving Our ‘Buy’ Rating! – Major Drivers” and “Global Payments Inc.: Will The Healthy Booking Trends in Vertical Market Businesses Last? – Major Drivers”, Baptista Research highlights the company’s mixed results in the second quarter of 2024 and its exceeding of financial expectations in the first quarter of the same year. With a bullish sentiment, the analysts point out Global Payments‘ strong performance in adjusted net revenue growth and margin expansion, driven by market positioning advancements and partnerships within vertical markets.


A look at Global Payments Inc. Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Global Payments Inc. has a promising long-term outlook, according to Smartkarma Smart Scores. With a high score in Growth and Momentum, the company is positioned for strong expansion and market performance. Additionally, Global Payments scores well in Value, indicating that it offers good value for investors. However, the company’s Resilience score is lower, suggesting some vulnerability to market fluctuations. Overall, Global Payments‘ Smart Scores point towards a positive trajectory for the company in the future.

Global Payments Inc. is a leading provider of electronic transaction processing and services worldwide. Catering to various sectors such as financial, corporate, government, and merchants, the company offers a range of services including funds transfer, merchant services, and Internet services. With a solid score in Dividend and strong performance in Growth and Momentum, Global Payments demonstrates its potential for long-term success and growth in the electronic payment industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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