Analyst Bryan Bergin of TD Cowen reiterated a Buy rating on Fidelity National Info, reducing the price target to $62.00.
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Bryan Bergin has given his Buy rating due to a combination of factors, including FIS’s strong first-quarter performance and attractive free cash flow yield. He highlights robust annual contract value growth, solid banking segment momentum, and margin expansion, noting that recent guidance softness is driven more by timing and macro effects than by structural weakness in demand.
Bergin also points to the company’s partnership with Anthropic as an important new AI-driven revenue stream that should begin contributing meaningfully over the next few years. While he lowers the official price target to $62 to reflect broader sector pressures, he still sees a favorable risk‑reward profile, supported by durable growth, ongoing free cash flow outperformance, and the potential for increased capital returns to shareholders.
In another report released today, KBW also maintained a Buy rating on the stock with a $65.00 price target.