Fiserv price target lowered to $200 from $220 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on Fiserv (FI) to $200 from $220 and keeps an Outperform rating on the shares. The stock is trading down double-digits following management’s comments at JPMorgan’s conference that Q2 Clover gross payment volume will likely grow 8% versus consensus estimates of 13%, the analyst tells investors in a research note. The firm says Fiserv flagged an increasing impact from a gateway conversion as a headwind. Mizuho stays positive on the shares, noting Clover revenue growing 27% is “still impressive despite only” 8% volume growth. Management reiterated expectations for a second half of 2025 acceleration, helped by Clover, adds the firm.