TD Cowen analyst Bryan Bergin reiterated a Buy rating on Fidelity National Info (FIS – Research Report) today and set a price target of $92.00.
Bryan Bergin’s rating is based on several key factors that highlight Fidelity National Info’s strong position in the financial technology sector. Despite a slight mismatch between market expectations and the company’s 2025 outlook, FIS has demonstrated solid demand and consistent macroeconomic performance, which supports its confidence in the 2025 guidance. The company’s diversified exposure and resilient customer base, coupled with strong execution on cost and capital plans, position it well to navigate the current macroeconomic environment.
Bergin also emphasizes the importance of the planned transaction with TSYS in the first half of 2026, which is expected to further strengthen FIS’s market position. The company’s ability to maintain high visibility due to improved retention and product mix, along with encouraging growth in recurring revenue and free cash flow performance, reinforces the Buy rating. These factors collectively underscore FIS’s potential for continued success and resilience in the fintech and payments industry.