Analysts Are Upgrading These 5 Stocks

03. Global Payments Inc. (NYSE:GPN)

Number of Hedge Fund Holders: 52

In a research note to investors on April 19, Baird analyst David Koning upgraded Global Payments Inc. (NYSE:GPN) from Neutral to Outperform and increased the price target from $130 to $156. Koning notes that the company maintains its market share and that Q1 industry trends look promising. He also predicts that a mid-2024 valuation for the stock could be $156. The firm believes that the market has yet to fully appreciate Global Payments Inc. (NYSE:GPN) earnings growth potential, which they estimate to be in the mid-teens on a sustained basis at a lower-than-S&P multiple. Additionally, Baird believes that concerns over slowing merchant trends may be overstated.