Morgan Stanley Maintains Hold Rating on Fiserv (FISV) Stock

Fiserv, Inc. (NASDAQ:FISV) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On June 3, analyst James Faucette from Morgan Stanley maintained a “Hold” rating on the company’s stock and maintained a price objective at $65.00. The analyst’s rating is backed by several factors associated with Fiserv, Inc. (NASDAQ:FISV)’s current positioning and execution outlook.

Morgan Stanley Maintains Hold Rating on Fiserv (FISV) Stock

Even though the SMB survey hints at an improvement in satisfaction, the analyst believes that such positives remain insufficient to result in a more bullish view till Fiserv, Inc. (NASDAQ:FISV) proves that it could re-accelerate. According to the analyst, the sentiments are expected to be cautious till the company exhibits an H2 growth inflection, with consistent and visible progress across segments. Overall, the firm’s analyst noted several concerns such as modest overall penetration of Clover, mixed trends with respect to the customer size, and elevated competition from players such as Square.

Fiserv, Inc. (NASDAQ:FISV) is a global payments and financial technology company.

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