Jason Kupferberg, an analyst from Bank of America Securities, maintained the Buy rating on Fiserv (FI – Research Report). The associated price target remains the same with $236.00.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Jason Kupferberg has given his Buy rating due to a combination of factors including the belief that Fiserv’s stock has been excessively sold off, particularly in relation to concerns surrounding Clover. Despite some confusion and controversy, Kupferberg suggests that the fundamentals of Clover are not as dire as the stock’s performance might imply. He acknowledges that there may be some minor market share loss in the US SMB sector, but does not see Clover as a fundamentally broken asset.
Moreover, Kupferberg highlights the attractive valuation of Fiserv, noting the current price-to-earnings multiple as a compelling opportunity. He also points out that while there is a widening gap between Clover’s revenue and volume growth, this is largely due to increased penetration of value-added services and higher hardware sales. Overall, Kupferberg maintains confidence in Fiserv’s ability to meet its revenue targets, reinforcing his Buy recommendation.
In another report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $200.00 price target.