Is The Short Term Pessimism In Fiserv (FISV) A Buying Opportunity Near Its 52-Week Low

Fiserv Inc. (NASDAQ:FISV) is one of the 10 Best 52-Week Low Technology Stocks to Buy According to Analysts. On June 16, Truist Financial analyst Matthew Coad reiterated a Hold rating on Fiserv Inc. (NASDAQ:FISV) without assigning a price target. However, earlier, on May 29, the analyst had lowered the firm’s price target on the stock from $64 to $58 following the company’s first-quarter earnings report. After reviewing Q1 results, the firm updated its financial model and lowered its short-term revenue outlook. Moreover, Truist also revised its full-year forecasts downward, though the adjustments were less significant than those made to its short-term expectations.

The analysts said that the revised outlook reflects the impact of non-recurring hardware revenue in the merchant solutions segment. The revenue provided a temporary benefit to earnings and is not expected to continue.

On a more bearish note, BNP Paribas analyst Thomas Poutrieux downgraded Fiserv Inc. (NASDAQ:FISV) to an Underperform rating from the previous Neutral rating on June 5. The analyst assigned a target price of $46 to the stock. CNN’s compilation of analyst price targets suggests that FISV has a median price target of $65, which is well above the firm’s assigned price target of $46. The median price target reflects a further 35.81% upside from the current levels.

Fiserv Inc. (NASDAQ:FISV) offers fintech solutions, such as account processing, digital commerce, fraud prevention, and payments, to segments such as financial institutions and merchants.

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