Global Payments: The Market Is Getting This Wrong - Still A Strong Buy

Global Payments Inc. remains a Strong Buy, with the stock deeply undervalued despite robust Q1 results and ongoing Worldpay integration. GPN projects $13.80–$14.00 normalized adj. EPS for 2026, >90% FCF conversion, and $7.5 billion in shareholder returns through 2027. Macro headwinds and elevated debt pose risks, but GPN targets 3.0x net leverage by end-2027 and expects margin expansion and global growth.