Truist Financial Sticks to Their Hold Rating for Fiserv (FISV)
π Truist Financial analyst Matthew Coad maintained a "Hold" rating on Fiserv (FISV) with a price target of $64.00.
π° The company's stock closed at $61.60 on April 29, sitting below the new Truist price target.
π Analyst Matthew Coad has an average return of -8.7% and a 29.73% success rate according to TipRanks data.
πΌ Coad covers the Technology sector, including peers like Block, Fidelity National Info, and Bill.com Holdings.
π Street consensus currently favors a Hold rating for Fiserv with an average price target of $73.41.
β¬οΈ This consensus represents approximately 19.17% upside from current share levels as of the article's publication.
π BMO Capital initiated coverage on April 27 with a "Market Perform" (Hold) rating and a $65.00 price target.
π Fiserv reported quarterly revenue of $5.28 billion for the quarter ending December 31, 2024.
πΈ Net profit was $811 million in the most recent quarter compared to $938 million last year.
π Revenue increased slightly from $5.25 billion a year ago despite the dip in net profit margins.
π Recent analyst activity shows Truist lowered their price target from $65 to $64 for Fiserv.
β οΈ The article notes that the content is syndicated and has not been reviewed or endorsed by the publishing platform.
- The Street generally holds a Hold analyst consensus rating for Fiserv with an average price target of $73.41, representing 19.17% upside from current levels.
- Based on the latest quarter ending December 31, Fiserv reported quarterly revenue of $5.28 billion, up slightly from $5.25 billion in the same period last year.
- Truist Financial analyst Matthew Coad maintained a Hold rating with a price target of $64.00, which is lower than the previous target of $65.
- Fiserv's latest quarterly net profit of $811 million represents a decline from last year's net profit of $938 million despite revenue growth.
- BMO Capital initiated coverage with a Hold rating and a price target of $65.00, reinforcing market skepticism about near-term upside.
- Analyst Matthew Coad has an average return of -8.7% and a 29.73% success rate, suggesting limited track record reliability.