As previously reported, Loop Capital analyst Dominick Gabriele initiated coverage of Jack Henry (JKHY) with a Buy rating and $197 price target as part of a broader research note on FinTech Payments. The company is likely to experience accelerating revenue growth as they enter their FY27, and despite Fiserv (FISV) stating forced core conversions have ceased, the firm expects banks to continue to shop new service providers and Jack Henry to become a beneficiary, the analyst tells investors in a research note. Jack Henry shares selling off on AI SaaS fears is also overdone, Loop adds.
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Read More on JKHY:
- Loop launches coverage of Payments with positive bias but cautions on volatility
- Jack Henry initiated with a Buy at Loop Capital
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