Jefferies Reiterates ‘Hold’ Rating on Fiserv (FI), Keeps PT

On June 5, analysts at Jefferies reiterated a ‘Hold’ rating on Fiserv, Inc. (NYSE:FI) and a $165 price target. The research firm asserts its Hold rating following discussions with independent sales organizations (ISO). In the talks, the research firm was trying to gain insights into the sales trajectory following the company’s 6.56% revenue growth over the last 12 months.

Jefferies Reiterates ‘Hold’ Rating on Fiserv (FI) and $165 Price Target

A bank teller assisted by an automated teller machine, emphasizing the combination of traditional banking and modern digital technology.

The discussions also shed light on Clover’s gross Payment Volume after recent price cuts. Some independent sales organizations hinted at significant pricing-driven churn attributed to Clover’s pricing strategies. Consequently, some ISOs have started reducing their front book placement.

Jefferies also reiterated the Hold rating following a slight decline in Fiserv’s small and medium-sized business index. Amid the concerns, analysts remain optimistic about the company’s capitalization of digital payment transformation. In addition, the analysts remain confident about the company’s international expansions, strategic acquisitions, and innovations as key to future growth.

Fiserv is a financial services technology company that provides solutions for payments, digital banking, and other related services. It offers banks, credit unions, and merchants a wide range of products and services.

While we acknowledge the potential of FI as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.