Stephens Believes Worldpay Inc (WP) Still Has Room to Grow


Stephens analyst Brett Huff reiterated a Buy rating on Worldpay Inc (NYSE: WP) on July 12 and set a price target of $93. The company’s shares closed yesterday at $86.48, close to its 52-week high of $87.

According to TipRanks.com, Huff is a top 100 analyst with an average return of 34.8% and a 96.2% success rate. Huff covers the Technology sector, focusing on stocks such as Bottomline Technologies, Jack Henry & Associates, and Total System Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Worldpay Inc with a $92.89 average price target, which is a 7.4% upside from current levels. In a report issued on June 28, Morgan Stanley also maintained a Buy rating on the stock with a $95 price target.

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Worldpay Inc’s market cap is currently $25.72B and has a P/E ratio of 332.62. The company has a Price to Book ratio of 2.46.

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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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