Goldman Sachs Mixed on Global Payments (GPN) As Industry Valuation Multiples Remain Under Pressure

Global Payments Inc. (NYSE:GPN) secures a spot on our list of the 11 best very cheap stocks to buy according to billionaires.

Goldman Sachs Mixed on Global Payments (GPN) As Industry Valuation Multiples Remain Under Pressure

Goldman Sachs reinstated coverage of Global Payments Inc. (NYSE:GPN) on March 9, 2026, with a “Neutral” rating and an $88 price target, emphasizing the company’s size following its acquisition of Worldpay, which resulted in the creation of the largest merchant-acquiring business in the world.

At the same time, the firm cautioned that industry valuation multiples remain under pressure due to structural competition in merchant acquiring. Goldman also highlighted persistent concerns about market share loss, speculating that these factors would prevent the company from achieving significant multiple expansion despite its increased presence.

A cautious approach was reiterated in February analyst updates as well.

In light of Global Payments Inc. (NYSE:GPN)’s Q4 results and FY2026 guidance, which call for 5% adjusted net revenue growth (ex-dispositions), 150 basis points of operating margin expansion, adjusted EPS of $13.80-$14.00, and free cash flow conversion above 90%, Cantor Fitzgerald’s Ramsey El-Assal increased his price target to $88 from $80 while keeping a “Neutral” rating.

Following a Q4 earnings beat, RBC Capital raised its target to $97 from $95 with a “Sector Perform” rating, pointing out that management’s FY2026 outlook seemed appropriately calibrated.

Global Payments Inc. (NYSE:GPN) serves companies and financial institutions worldwide by offering payment technology and software through its Merchant and Issuer Solutions sectors. The company is headquartered in Atlanta.

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