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Mizuho Cuts Price Targets For These Fintech Companies Post Q2 Results

Mizuho Cuts Price Targets For These Fintech Companies Post Q2 Results

瑞穗下調金融科技等公司第二季度業績目標價
Benzinga Real-time News ·  2022/08/09 02:45
  • Mizuho analyst Dan Dolev updated his model and price targets for Fidelity National Information Services, Inc (NYSE:FIS), PayPal Holdings Inc (NASDAQ:PYPL), and Block Inc (NYSE:SQ) post 2Q results.
  • Dolev maintained Fidelity with a Buy and cut the price target from $130 to $120.
  • FIS's Q2 was a bit disappointing, and the FY organic revenue guide-down made the matter worse, he noted. 
  • Plus, pulling the volume chart from the slide deck did not reflect strength. 
  • He cut his 2022 and medium-term revenue and earnings estimates post Q2 results, driven by lower organic growth, more considerable FX headwinds, and higher interest.
  • Dolev reiterated PayPal with a Buy and lowered the PT from $120 to $118.
  • He noted that the Q2 results were better than expectations with the cost cuts and Elliott Management's impact assuming the center stage. All of which exhibited potential for higher margins, he added.
  • Dolev reaffirmed Block with a Buy and reduced the PT from $135 to $125.
  • SQ had mixed 2Q results, he noted. Primarily lower than expected GPV weighed on the stock. 
  • Nevertheless, the analyst sees continued growth in new products like Borrow to help drive improved Cash App results down the road. He slightly cut his medium-term estimates.
  • Price Action: FIS shares traded higher by 0.68% at $98.03 on the last check Monday.
  • 瑞穗分析師丹·多列夫更新了他的模型和目標價富達國家信息服務公司(紐約證券交易所代碼:FIS),PayPal(納斯達克:PYPL),以及Block Inc.(紐約證券交易所代碼:SQ)發佈第二季度業績。
  • 多列夫保持忠誠 買入並將目標價從130美元下調至120美元。
  • 他指出,FIS的第二季度有點令人失望,而財年有機收入指南的下調讓情況變得更糟。
  • 此外,從幻燈片上拉出成交量圖表並不能反映出市場的強弱。
  • 他在第二季度業績公佈後下調了2022年和中期收入和收益預期,原因是有機增長放緩、更大的外匯逆風和更高的興趣。
  • 多列夫重申了PayPal的Buy,並將PT從120美元下調至118美元。
  • 他指出,第二季度的業績好於預期,成本削減和埃利奧特管理公司的影響佔據了中心舞臺。他補充説,所有這些都顯示出更高利潤率的潛力。
  • 多列夫用Buy重申了Block,並將PT從135美元降至125美元。
  • 他指出,SQ的第二季度業績喜憂參半。主要是GPV低於預期,拖累了該股。
  • 儘管如此,這位分析師認為,借債等新產品將繼續增長,有助於推動Cash App業績的改善。他略微下調了他的中期預期。
  • 價格行動:在週一的最後一次檢查中,FIS股價上漲0.68%,至98.03美元。

譯文內容由第三人軟體翻譯。


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