Fiserv price target raised to $160 from $154 at Tigress Financial

Tigress Financial raised the firm’s price target on Fiserv to $160 from $154 and keeps a Buy rating on the shares as the ongoing growth of electronic payments and accelerating merchant acceptance growth will continue to drive revenue growth and further share price gains. The firm notes that the company continues to benefit from strong organic growth, and Clover’s momentum, combined with its diversified and industry-leading product portfolio, positions it at the forefront of the ongoing secular shift in electronic payments and long-term shareholder value creation. The company recently reported strong Q1 results, with Clover continuing to be a bright spot, Tigress adds.