Bryan Bergin, an analyst from TD Cowen, reiterated the Buy rating on Fidelity National Info. The associated price target was lowered to $89.00.
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Bryan Bergin has given his Buy rating due to a combination of factors including Fidelity National Information Services’ (FIS) strong third-quarter performance and its positive outlook for future growth. The company demonstrated a solid recovery from previous volatility, with improved growth, margins, and free cash flow dynamics, setting a strong foundation as it approaches fiscal year 2026.
FIS’s business quality is on the rise, with significant growth in recurring revenue and key performance indicators such as customer retention and pricing. The company’s confidence in achieving its medium-term targets, including EBITDA margin expansion and free cash flow growth, further supports this positive outlook. Despite potential risks associated with the integration of TSYS, Bergin believes that the company’s ability to maintain consistent performance and capitalize on favorable market conditions in Banking and Capital Markets makes it a compelling long-term investment opportunity.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $82.00 price target.