5 Cheap Stocks to Buy Now for Long Term

2. Global Payments Inc. (NYSE:GPN)

Forward PE Ratio: 4.77  

Global Payments Inc. (NYSE:GPN) is among the best cheap stocks to buy. 

TheFly reported on March 26 that Mizuho reduced its price target on GPN to $110 from $125 while maintaining an Outperform rating, after revising its valuation model to account for lower market multiples.

Separately, on March 10, Global Payments Inc. (NYSE:GPN) announced that its Link2Gov unit had been chosen by the Internal Revenue Service as a preferred digital payments provider for the 2026 tax season. Through its Pay1040.com platform, taxpayers can make federal income tax payments using credit cards, debit cards, and other electronic payment methods, helping improve convenience, flexibility, and payment security.

The selection supports the federal government’s broader push to modernize payment systems following the March 2025 Executive Order encouraging agencies to transition toward fully electronic collections and disbursements. Link2Gov has served as an authorized IRS payment processor for more than 20 years and handled millions of tax-related transactions last year. The business remains an important part of GPN’s public-sector strategy, providing digital payment capabilities for federal, state, and local agencies while offering taxpayers and businesses around-the-clock access to pay taxes, fees, and bills across multiple channels.

Global Payments Inc. (NYSE:GPN) is a leading fintech company that provides payment processing, software, and commerce solutions to merchants, financial institutions, and businesses worldwide.