Nomura analyst Dan Dolev maintained a Buy rating on Worldpay Inc (NYSE: WP) today and set a price target of $120. The company’s shares closed on Friday at $94.49, close to its 52-week high of $94.57.
According to TipRanks.com, Dolev is a 5-star analyst with an average return of 16.0% and a 69.7% success rate. Dolev covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, ARAMARK Holdings, and Moody’s Corp.
Worldpay Inc has an analyst consensus of Strong Buy, with a price target consensus of $102.22, implying an 8.2% upside from current levels. In a report issued on August 9, Cantor Fitzgerald also maintained a Buy rating on the stock with a $100 price target.
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Based on Worldpay Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.9 million. In comparison, last year the company had a net profit of $68.78 million.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.
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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.
