Cantor Fitzgerald Raises Global Payments (GPN) Price Target, Says Q4 Cleared Key Overhang

Core Viewpoint - Global Payments Inc. is recognized as one of the 14 best GARP stocks to buy according to analysts, with a recent price target increase reflecting positive outlooks on its financial performance and strategic transformations [1][8]. Financial Performance - Cantor Fitzgerald analyst Ramsey El-Assal raised the price recommendation for Global Payments to $88 from $80, maintaining a Neutral rating. The company's Q4 results were seen as a clearing event, with FY26 guidance indicating a 5% adjusted net revenue growth excluding dispositions and a 150 basis points adjusted operating margin expansion [2]. - In Q4 2025, Global Payments achieved a 6% constant currency adjusted net revenue growth, with adjusted operating margins improving by 80 basis points and adjusted EPS increasing by 12%. For the full year, adjusted net revenue growth rose from 5% in the first half to 6% in the second half, with adjusted operating margins expanding by 100 basis points and adjusted EPS climbing by 11% [4]. - The company reported over 100% adjusted free cash flow conversion in 2025, enabling it to return $1 billion to shareholders and generate an additional $1.2 billion through portfolio divestitures. A $2.5 billion share repurchase program was approved, including an immediate accelerated buyback of $550 million [5]. Strategic Developments - CEO Cameron Bready announced the completion of the Worldpay acquisition and the divestiture of the Issuer Solutions business in January, marking a significant milestone in the company's strategic transformation over the past 18 months [3]. - Global Payments provides payments technology, software, and related services globally, primarily targeting small and medium-sized businesses through its Merchant Solutions segment [6].