Fidelity National Info (FIS – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Jason Kupferberg from Bank of America Securities maintained a Buy rating on the stock and has a $87.00 price target.
Jason Kupferberg has given his Buy rating due to a combination of factors that suggest a positive outlook for Fidelity National Information Services (FIS). The company is expected to benefit from its strong recurring revenue base, which provides stability amid macroeconomic uncertainties. Additionally, FIS has limited exposure to non-discretionary consumer spending, further insulating it from potential economic downturns.
Furthermore, Kupferberg highlights the potential for positive catalysts in the near term, particularly with the anticipated acceleration in FIS’s Banking segment in the second quarter. The company’s management has indicated that the first-quarter guidance is conservative, and the successful execution of delayed implementations could drive significant growth. With expectations for sustained margin expansion and a focus on improving working capital, FIS’s financial health appears robust. These factors, combined with an attractive valuation, underpin Kupferberg’s Buy rating for the stock.