Mizuho Securities analyst Dan Dolev has maintained their bullish stance on FI stock, giving a Buy rating today.
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Dan Dolev has given his Buy rating due to a combination of factors including robust revenue growth and strategic advancements within Fiserv. The company’s Clover platform has shown significant performance, with a revenue increase of 29% in the fourth quarter, surpassing market expectations. This growth has been further bolstered by an increase in value-added services penetration, indicating strong adoption and utilization of Clover among merchants.
Additionally, Fiserv’s Merchant segment has demonstrated consistent organic growth, maintaining an 18% increase when adjusted for external economic factors such as high inflation in Argentina. The promising trajectory of CashFlow Central, highlighted by a substantial increase in deals since its recent launch, also contributes positively to Fiserv’s outlook. These elements, coupled with the company’s guidance aligning with its medium-term growth framework, underpin Dan Dolev’s favorable assessment of Fiserv’s stock.
FI’s price has also changed dramatically for the past six months – from $154.770 to $229.530, which is a 48.30% increase.