What Does Wall Street Think About Fiserv Inc. (FI)?

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.

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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.

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Disclosure: None. This article is originally published at Insider Monkey.