15 Cheap Strong Buy Stocks to Buy Now

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1. Fiserv Inc. (NYSE:FI)

Forward P/E: 13.73

Analyst Upside: 28.87%

Number of Hedge Fund Holders: 94

Fiserv Inc. (NYSE:FI) is one of the best cheap strong buy stocks to buy now. Mizuho analyst Dan Dolev lowered the firm’s price target on Fiserv Inc. (NYSE:FI) to $165 from $194 on July 29, keeping an Outperform rating on the shares.

The rating update came after Fiserv Inc. (NYSE:FI) reported its fiscal Q2 report, with the firm citing reduced organic growth expectations for the target cut.

The analyst told investors in a research note that while hitting $3.5 billion of Clover revenue is feasible, it likely requires a better yield. This may prove challenging, as channel checks show that prior price increases have weighed on growth, according to Dolev.

Similarly, Barclays analyst Ramsey El-Assal also lowered the firm’s price target on Fiserv Inc. (NYSE:FI) to $175 from $230 on July 28, keeping an Overweight rating on the shares and updating its model after the earnings report.

The stock’s median price target of $139.68 implies an upside of 28.87% from current levels.

Headquartered in Milwaukee, WI, Fiserv Inc. (NYSE:FI) provides financial services technology, with its operations divided into the Merchant and Financial segments.

The Merchant segment provides commerce-enabling products and services, such as security and fraud protection, merchant acquiring and digital commerce and mobile payment services, and more.

The Financial segment offers products and services including digital payments, the processing of customer loan and deposit accounts, and card transactions.

While we acknowledge the potential of FI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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