FIS price target lowered to $57 from $65 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on FIS (FIS) to $57 from $65 and keeps a Buy rating on the shares. FIS shares underperformed on a Q2 guidance miss and ongoing concerns around competition and AI disruption, but positive sentiment around the Anthropic partnership, Keystone modernization efforts, and strengthening recurring ACV trends supports the view that the market may be underestimating the durability of its regulated infrastructure moat, the analyst tells investors in a research note.