On Oct 23, major Wall Street analysts update their ratings for $Fiserv (FI.US)$, with price targets ranging from $200 to $244.
Morgan Stanley analyst James Faucette maintains with a buy rating, and maintains the target price at $220.
J.P. Morgan analyst Tien Tsin Huang maintains with a buy rating.
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.
Furthermore, according to the comprehensive report, the opinions of $Fiserv (FI.US)$'s main analysts recently are as follows:
The company continues to perform well with a substantial amount of product innovations and cross-selling initiatives that span its platform.
Analysts noted that Fiserv's Q3 results presented a mixed outcome, with revenue falling short of expectations but adjusted EPS and the updated FY24 outlook surpassing projections.
The firm observes that Q3 demonstrated continuous steadiness, with revenues meeting expectations and surpassing estimates in earnings per share and margins. The modest outperformance in the company's shares is seen as a validation that the recent positive trend was warranted and anticipates additional advancements.
Q3 results for Fiserv were positive, with EBIT outperforming and revenue nearly meeting expectations. Additionally, guidance for EPS and revenue was increased. The stock is favored for its consistent performance.
The assessment of Fiserv's recent quarter was generally in line with expectations, with the exception of the Financial Solutions segment not meeting targets and the Q4 EPS forecast being somewhat under the anticipated market consensus.
Here are the latest investment ratings and price targets for $Fiserv (FI.US)$ from 14 analysts:
Note:
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