Raymond James lowered the firm’s price target on FIS (FIS) to $82 from $88 and keeps an Outperform rating on the shares following “solid” Q3 results that featured about a 2% top line and EPS beat relative to the Street. The FY25 forex-adjusted revenue outlook was raised about 50 basis points, though the implied Q4 guidance is “a bit mixed,” with revenue modestly ahead and EPS a touch light compared to consensus, the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIS:
- Fidelity National Information Services: Strong Financial Performance and Strategic Growth Justify Buy Rating
- FIS narrows FY25 adjusted EPS view to $5.74-$5.78 from $5.72-$5.80
- FIS reports Q3 adjusted EPS $1.51, consensus $1.48
- FIS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Wells sees buying opportunities in Fiserv peers on sympathy selloff