Truist Securities increased its price target for Global Payments Inc. to $95 from $79 on Monday, while maintaining a Hold rating on the stock.
Global Payments' shares were trading at $94.30, approaching the 52-week high of $95.88. The upgrade follows a series of mixed analyst actions: Cantor Fitzgerald raised its target to $91 with a Neutral rating, while RBC Capital set a higher target of $102.
Truist also adjusted its financial projections for Global Payments, reducing adjusted revenue estimates by 0.5% for the third quarter of 2026 and by 0.7% for the fourth quarter. Full-year 2026 revenue estimates were cut by 0.5%, with a 0.4% reduction for 2027. Truist now projects normalized adjusted revenue growth of 4% for 2026, down from a prior estimate of 4.5% and below the company's new guidance range of 4% to 5%.
Adjusted EBIT estimates were similarly reduced, with cuts of 0.2% for Q3 2026, 2.8% for Q4 2026, 0.9% for the full-year 2026, and 1.7% for 2027. Truist's valuation framework for the new $95 target assumes a 2027 enterprise value-to-NOPAT multiple of 10x and an expected NOPAT growth of approximately 10% for 2028.
Global Payments reported adjusted EPS of $3.46 for the second quarter of 2026, in line with expectations, though revenue totaled $3.16 billion, slightly below forecasts. The company cited ongoing geopolitical tensions in the Middle East as a headwind, particularly affecting travel-related transaction volumes.
Elsewhere, Wolfe Research upgraded Global Payments to Outperform, citing stable results and what it described as conservative guidance for the second half of 2026. Goldman Sachs also reviewed fintech sector results, marginally raising revenue and EPS estimates for multiple firms, including Global Payments.
