Fiserv price target lowered to $91 from $178 at Oppenheimer

Oppenheimer analyst Rayna Kumar lowered the firm’s price target on Fiserv (FI) to $91 from $178 and keeps an Outperform rating on the shares. The firm notes Fiserv materially missed expectations in Q3, lowered its 2025 financial outlook, and announced a significant leadership refresh. Takis Georgakopoulos and Dhivya Suryadevara were named Co-Presidents and Paul Todd was appointed CFO. To contextualize the miss, management cited slowing cyclical growth in Argentina, a re-calibration of overly optimistic assumptions embedded in prior guidance, deferred investments, and de-prioritization of certain initiatives. CEO Lyons emphasized previous targets were overstated, and strategy skewed toward near-term gains.