is GPN Stock a Value Pick?

Global Payments Inc. (NYSE: GPN) GPN stock engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. It also provides a variety of value-added services, including specialty point-of-sale solutions, analytic and engagement tools, payroll services.The company was founded in 1967 by George W. Thorpe and is headquartered in Atlanta, GA.

Is GPN Stock Ready to Fly Toward $150?

GPN stock price is trading below the significant moving averages and has shown profit booking. GPN stock’s Q3 numbers were above estimates and fresh buying interest was witnessed.

At press time, GPN stock price was trading at $106.22 with an intraday gain of 2.33% highlighting neutrality on the charts. Moreover, the trading volume increased by 1.89% to 4.90 Million while the market cap is $27.617 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $143.24 suggesting a growth outlook.

GPN Stock Price Prediction 2023

GPN stock has shown a double top pattern near $130 and retraced toward the round mark of $100. However, $100, a psychological round number which acted as a support and stock attained a bounce. GPN stock price action delivers that stock was in consolidation phase and remained in a range throughout the year. Meanwhile, the upper trajectory of GPN stock is $130 and the lower trajectory is $100. Beyond any sides, a sharp move can be anticipated toward the maximum of $150 or the minimum of $80 by 2023.

The RSI curve is in the oversold region and shows a negative crossover highlighting the profit booking. The MACD shows a bearish crossover and red bars on the histogram suggesting a negative outlook for the next sessions.

GPN Stock Price Prediction 2024

On the monthly chart, GPN stock price is trading in a downtrend and is losing gains inside the falling channel. Moreover, the GPN stock is trying to hold at the $100 and is looking to surpass the 50 day EMA. The price action suggests that GPN stock must surpass the 52 week high of $130 to reach the bullish trajectory, whereas the demand zone exists near $87.

If the bulls gained traction and succeeded in defeating the bears,GPN stock would reach the maximum of $180.

Conversely, if bears continue to put pressure on the bulls and succeed in smashing GPN stock below $100, GPN stock will reach the minimum of $70.

GPN Stock Price Prediction 2025

As per the 6 month chart, GPT stock persisted in facing resistance near $130. However, payments technology is developing rapidly and the stock also might acquire pace in the next 2 – 3 years, so GPN stock will be a value bet for the portfolio for the upcoming years. As per the valulation, GPN stock is trading at a low PE multiple and can be a good choice for decent returns.

If GPN stock overtakes the 52 week high, then GPN stock has the potential to reach the $220 mark. Conversely, if the correction continues, it will retest the 2020 low of $60.

Summary

GPN stock price is trading below the significant moving averages and is consolidating. While the bulls failed to escape the $120 barrier, the bears failed to push below $100, signifying that GPN stock might face some range bound moves in the coming sessions.

Technical Levels

Support Levels: $100 and $85

Resistance Levels: $110 and $125

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.