A Closer Look at 18 Analyst Recommendations For Global Payments
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Global Payments (NYSE:GPN) over the past three months, with a decrease in the average 12-month price target from $147.72 to $140.33. Recent actions by analysts include several downgrades in price targets, reflecting a cautious outlook. Despite positive revenue growth, Global Payments faces challenges in profitability and financial performance compared to industry averages.
October 04, 2024 | 4:00 pm
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Global Payments (NYSE:GPN) has received mixed analyst ratings, with a decrease in the average price target to $140.33. Analysts have lowered their price targets, indicating a cautious outlook. Despite a 4.74% revenue growth, the company faces challenges in profitability and financial performance compared to industry averages.
The decrease in the average price target and multiple downgrades by analysts suggest a negative short-term outlook for Global Payments. The company's revenue growth is overshadowed by its challenges in profitability and financial performance, which are below industry averages. This combination of factors is likely to exert downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100