Truist analyst Andrew Jeffrey raised the firm’s price target on Fiserv to $140 from $120 and keeps a Hold rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. Fiserv looks to be operating from a position of strength, and a meaningful acquisition could accelerate industry consolidation, Truist added.
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Read More on FI:
- Fiserv upgraded to Outperform from Perform at Oppenheimer
- Fiserv upgraded to Outperform from Neutral at Exane BNP Paribas (earlier)
- Fiserv upgraded to Overweight from Sector Weight at KeyBanc
- First Solar enters two TCTAs to sell $500M, $200M tax credits to Fiserv
- Fiserv price target raised to $175 from $160 at Tigress Financial
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