TD Cowen analyst Bryan Bergin reiterated a Hold rating on Fiserv yesterday and set a price target of $68.00.
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Bryan Bergin has given his Hold rating due to a combination of factors tied to Fiserv’s transition phase and execution risk. Management outlined a credible long‑term strategy, with targets for steady mid‑single‑digit revenue growth, sustained margin expansion driven by cost efficiencies, and solid double‑digit EPS gains, supported by sizeable share repurchases funded by free cash flow.
At the same time, a meaningful portion of this plan depends on realizing ambitious cost reductions and successfully implementing AI‑enabled productivity tools and operational simplification. Because these benefits are early in development and investor sentiment is likely to remain cautious until Fiserv proves its ability to deliver on the second‑quarter trough and back‑half acceleration, Bergin reduced the price target and maintained a neutral Hold stance rather than moving to a more aggressive rating.
In another report released on May 6, Goldman Sachs also maintained a Hold rating on the stock with a $70.00 price target.
FISV’s price has also changed moderately for the past six months – from $63.420 to $53.460, which is a -15.70% drop .