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Goldman Sachs says now is the time to buy this payments tech company

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Analyst Will Nance said that the recent selloff of Global Payments shares presents a prime buying opportunity for investors. He estimates 20% upside for shares.

The recent selloff of Global Payments shares presents a prime buying opportunity for investors, according to Goldman Sachs. Analyst Will Nance upgraded Global Payment shares to buy. His price target of $127 implies that shares could rally 20% over the next 12 months from Tuesday's close. The firm said that, despite ongoing concerns about weakening consumer spending, the company has managed to post an approximate 8% compound annual growth rate in revenue since 2019.

The analyst thinks that recent mergers and acquisitions Global Payments has undertaken should simplify business and put it on track towards "the highest growth vertical.

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Goldman must be looking to exit.

Buy our bags retail said Goldman

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