Fiserv Analysts Boost Their Forecasts After Upbeat Q3 Results

Benzinga · 18h ago

Fiserv Inc. (NASDAQ:FISV) on Tuesday reported better-than-expected third-quarter results and also reaffirmed its full-year outlook.

Fiserv reported adjusted earnings of $1.75 per share, beating the analyst estimate of $1.72. However, earnings fell 14% from $2.04 a year earlier. Revenue declined 1% year over year to $5.196 billion, topping the $4.845 billion estimate.

Fiserv raised its Project Elevate savings target to $1 billion from $500 million after identifying additional operating efficiencies. The company reaffirmed its fiscal 2026 adjusted earnings forecast of $7.20 to $7.40 per share. The midpoint of $7.30 is above the $7.25 analyst estimate.

“Our team is executing with urgency, and we are seeing meaningful progress. Net attrition in banking is down more than 25 percent year to date, major client wins are now ramping, Clover continues to produce consistent underlying growth and our modern merchant platform is gaining momentum,” said Takis Georgakopoulos, Chief Executive Officer of Fiserv.

Fiserv shares rose 0.2% to $58.50 in pre-market trading.

These analysts made changes to their price targets on Fiserv following earnings announcement.

  • Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained the stock with an Outperform rating and raised the price target from $60 to $70.
  • Morgan Stanley analyst James Faucette maintained the stock with an Equal-Weight rating and raised the price target from $59 to $61.

Considering buying FISV stock? Here’s what analysts think:

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