Monness Crespi analyst Gus Gala notes that Fiserv “slightly missed” on revenue in Q4, but “beat broadly” across estimates and Street consensus on EBITDA and EPS. The bigger takeaway in the view of the analyst was calendar year 2024 guidance that highlights “unsustainable aspects” of long-term merchant organic revenue growth, the firm tells investors. The analyst reiterates a Neutral rating and remains on the sidelines on Fiserv given what the firm calls the “unsustainable” long-term merchant revenue growth targets and a less resilient consumer.
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Read More on FI:
- Notable companies reporting before tomorrow’s open
- Fiserv price target raised to $156 from $150 at Mizuho
- Fiserv price target raised to $140 from $120 at Truist
- Fiserv upgraded to Outperform from Perform at Oppenheimer
- Fiserv upgraded to Outperform from Neutral at Exane BNP Paribas (earlier)
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