On Oct 24, major Wall Street analysts update their ratings for $Fiserv (FI.US)$, with price targets ranging from $215 to $230.
Morgan Stanley analyst James Faucette maintains with a buy rating, and maintains the target price at $220.
Citi analyst Andrew Schmitt maintains with a buy rating.
Barclays analyst Ramsey El Assal maintains with a buy rating, and maintains the target price at $215.
Wells Fargo analyst Andrew Bauch maintains with a buy rating, and adjusts the target price from $215 to $220.
TD Cowen analyst Bryan Bergin maintains with a buy rating, and maintains the target price at $230.
Furthermore, according to the comprehensive report, the opinions of $Fiserv (FI.US)$'s main analysts recently are as follows:
Despite a more cautious perspective from management regarding the consumer's financial health, a detailed analysis of sub-segments indicates that Fiserv's Merchant Solutions might see an organic growth acceleration in Q4.
Fiserv has shown a sustained growth trajectory even amidst a decelerating consumer spending backdrop. This consistent growth can be credited to its strategic focus on deepening Value-Added Services penetration, broadening its specialized software offerings, and leveraging its distinct distribution advantage. Particularly noteworthy is the company's initiative to expand the reach of Clover beyond domestic markets.
The company continues to perform effectively with a vast array of product innovations and cross-selling initiatives throughout its platform.
Fiserv's third-quarter outcomes presented a mixed picture, with reported revenues not meeting Street expectations, yet the adjusted earnings per share and updated guidance for FY24 surpassed Street projections.
The latest quarter for Fiserv demonstrated continued stability, featuring revenues that met expectations and earnings per share as well as margin surpassing forecasts. The recent uptick in the company's share price is seen as a sign that the positive momentum was warranted, with expectations of additional growth ahead.
Here are the latest investment ratings and price targets for $Fiserv (FI.US)$ from 10 analysts:
Note:
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