Is Global Payments Inc. (GPN) A Good Stock To Buy Now?

We came across a bullish thesis on Global Payments Inc. on R. Dennis’s Substack by OppCost. In this article, we will summarize the bulls’ thesis on GPN. Global Payments Inc.'s share was trading at $77.70 as of March 3rd. GPN’s trailing and forward P/E were 17.58 and 5.63 respectively according to Yahoo Finance.

Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. Analysts highlight that GPN is deeply undervalued, with a forward P/E of just 5.4x, well below historical multiples for the high-moat fintech. A notable bullish options trade with 3,750 July $90 calls, signaling confidence in a recovery thesis for the stock, which has been trading in the mid-$70s. The $90 strike coincides with a key historical resistance level, and if the stock reverts toward its normal 10–12x earnings range, it could reach $110–$120, implying potential gains of 500%+ for these options. The company continues to generate strong free cash flow, reinforcing the view that current market pessimism is overdone, making a correction likely over the next 18 months.

A key catalyst for upside is GPN’s 2026 pivot toward AI-driven “agentic commerce” and an evolving point-of-sale ecosystem, as outlined in its Commerce and Payment Trends Report. The firm is transitioning from a traditional payment processor to a software-led commerce partner, and by mid-2026, revenue synergies from integrations such as Worldpay and EvoSynergies are expected to meaningfully improve the bottom line.

The call purchase also illustrates an asymmetric risk/reward profile, allowing investors to control ten times more exposure than buying the stock outright, with a breakeven at $93.30—well within analysts’ $107–$135 price target range. The size of the trade further signals institutional confidence, suggesting potential upcoming catalysts such as M&A activity, a major buyback, or a significant earnings beat. Overall, this trade reflects a strategic bet on mean reversion, cash-flow strength, and transformative growth initiatives, positioning GPN for substantial upside over the next 18 months.

Previously, we covered a bullish thesis on Global Payments Inc. (GPN) by Excelsior Capital in November 2024, which highlighted the company’s strong EPS growth, cash flow, and operational initiatives targeting $500 million in run-rate income by 2027. GPN’s stock has depreciated by approximately 33.63% since coverage amid margin pressure concerns, integration execution risks from prior acquisitions, and softer transaction volume trends tied to moderating consumer spending. OppCost shares a similar view but emphasizes a $1.24M July $90 call trade, AI-driven agentic commerce, and upside from mean reversion.