Fidelity National (FIS) Weakens After Raymond James Slashes Price Target

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the best Goldman Sachs bank stocks. On August 5, Raymond James trimmed the price target on Fidelity National to $88 from $95, while assigning an Outperform rating on the stock following the Q2 2025 earnings.

The company announced a slight 1% sales beat, with adjusted earnings per share matching estimates. Adjusted EBITDA margins were the same as last year, falling short of Street expectations for a 20 basis point gain. FIS presently carries a P/E ratio of 45.33, supported by 2.92% revenue growth over the past year.

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Raymond James cited weaker-than-anticipated margin guidance for Q3, as FIS projected 60 basis points of growth compared to the expected 150 basis points, and shifted its full-year margin forecast downward.

The lowered price target led to an 8% drop in FIS shares, with Raymond James observing that it reflects growing investor concerns over competitive and pricing dynamics.

Although challenges persist, Raymond James upheld its Outperform rating, noting that FIS’s full-year guidance for FX-adjusted organic revenue and adjusted EPS is mostly intact, given the minor interest and tax tailwinds.

Fidelity National Information Services, Inc. (NYSE:FIS) is a global financial technology company that provides banking, payments, risk management, compliance, wealth, and trading solutions.

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