J.P. Morgan Believes Worldpay Inc (WP) Still Has Room to Grow


J.P. Morgan analyst Tien Tsin Huang maintained a Buy rating on Worldpay Inc (NYSE: WP) today and set a price target of $100. The company’s shares closed yesterday at $90.60, close to its 52-week high of $90.80.

Huang has an average return of 13.1% when recommending Worldpay Inc.

According to TipRanks.com, Huang is ranked #364 out of 4850 analysts.

Currently, the analyst consensus on Worldpay Inc is a Strong Buy with an average price target of $98.50, implying an 8.7% upside from current levels. In a report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $92 price target.

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Worldpay Inc’s market cap is currently $26.95B and has a P/E ratio of 348.46. The company has a Price to Book ratio of 2.58.

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Worldpay, Inc. engages in payments processing technology and solutions. Its products include card machines, integrated point-of-sale, virtual terminal, card payments, mobile wallets, accounting integration, ATM services, Treasury services, PCI compliance, EMV and other. The company was founded on January 2018 and is headquartered in Symmes Township, OH.

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