Global Payments Gets Price Target Bumps By Analysts After Q4 Earnings

Global Payments Inc. GPN reported better-than-expected Q4 results.

Global Payments reported fourth-quarter FY22 adjusted net revenue growth of 2% year-on-year (4% Y/Y in constant currency) to $2.02 billion, beating the consensus of $2.01 billion. Adjusted EPS of $2.42 beat the consensus of $2.41.

Global Payments expects FY23 adjusted net revenue of $8.575 billion - $8.675 billion, above the consensus of $8.570 billion. The company sees adjusted EPS of $10.25 - $10.37 versus the consensus of $10.37.

Global Payments shares gained 5.6% to close at $117.88 on Friday.

These analysts made changes to their price targets on Global Payments following the release of results.

• Raymond James raised the price target on Global Payments from $158 to $160. Raymond James analyst John Davis maintained an Outperform rating.
• Truist Securities boosted the price target on Global Payments from $135 to $145. Truist Securities analyst Andrew Quail maintained a Buy rating.
• Baird increased the price target on Global Payments from $118 to $130. Baird analyst David Koning maintained a Neutral rating.

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