Jason Kupferberg, an analyst from Bank of America Securities, maintained the Buy rating on Fiserv (FI – Research Report). The associated price target remains the same with $236.00.
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Jason Kupferberg has given his Buy rating due to a combination of factors, including Fiserv’s potential for growth and its current market valuation. The new CEO, Mike Lyons, highlighted the company’s strong product offerings and distribution channels, while also pointing out areas for improvement and expansion, such as international markets and embedded finance.
Furthermore, management’s confidence in achieving significant revenue targets for Clover by 2025 and 2026, driven by hardware and value-added services, supports the positive outlook. The anticipated acceleration in Clover’s volume growth, particularly in the latter half of the year, and the underutilization of Fiserv’s financial institution partners in referring new merchants, indicate substantial growth opportunities. The stock’s current trading at a discount to the S&P 500, despite faster underlying growth, presents an attractive risk/reward proposition.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $233.00 price target.
FI’s price has also changed moderately for the past six months – from $214.060 to $186.820, which is a -12.73% drop .