Worldpay Inc (WP) Received its Third Buy in a Row


After Stephens and Guggenheim gave Worldpay Inc (NYSE: WP) a Buy rating last month, the company received another Buy, this time from Robert W. Baird. Analyst David Koning reiterated a Buy rating on Worldpay Inc yesterday and set a price target of $95. The company’s shares opened today at $79.45.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 12.6% and a 69.5% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Sykes Enterprises Inc.

Currently, the analyst consensus on Worldpay Inc is a Strong Buy with an average price target of $111.79, a 40.7% upside from current levels. In a report issued on December 11, Stephens also reiterated a Buy rating on the stock with a $102 price target.

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The company has a one-year high of $103.50 and a one-year low of $71.40. Currently, Worldpay Inc has an average volume of 2.77M.

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Worldpay, Inc. engages in the provision of payments processing technology and solutions. It operates through the Merchant Services and Financial Institution Services segment. The Merchant Services segment processes credit and debit card transactions.

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