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Investing.com - Keefe, Bruyette & Woods has significantly reduced its price target on Fiserv (NYSE:FI) to $92.00 from $170.00 while maintaining an Outperform rating on the financial technology company.
The substantial 46% price target reduction follows Fiserv’s third-quarter 2025 earnings conference call, during which company management reset market expectations.
According to Keefe, Bruyette & Woods, these adjusted expectations are "better aligned for the longer-term" despite creating "near-term headwinds" for the company.
The research firm indicated that Fiserv is "laying the groundwork for a durable turnaround," suggesting confidence in the company’s long-term strategy despite the reduced price target.
Keefe, Bruyette & Woods has adjusted both its price target and estimates lower in response to management’s updated outlook, though it continues to maintain its positive Outperform rating on Fiserv stock.
In other recent news, Fiserv has faced a series of downgrades from several major analyst firms following its third-quarter earnings miss. Bernstein downgraded Fiserv from Outperform to Market Perform, cutting its price target to $80.00 from $205.00, citing concerns about the company’s visibility into its financial solutions business. Similarly, Seaport Global Securities lowered its rating to Neutral from Buy, highlighting the company’s reduced guidance and a significant operational "reset" that suggests 2026 will be a "transition year."
Morgan Stanley also downgraded Fiserv from Overweight to Equalweight, reducing the price target to $81.00 from $179.00, as the company’s new management team announced a strategic overhaul requiring increased investment. Goldman Sachs followed suit, downgrading Fiserv to Neutral from Buy and slashing its price target to $79.00 from $149.00, noting a 30% reduction in the company’s 2026 earnings per share guidance. Lastly, TD Cowen downgraded Fiserv to Hold from Buy, cutting the price target to $80.00 from $177.00, amid concerns over a slowdown in business performance and subsequent leadership changes. These developments reflect the challenges Fiserv is currently navigating in its financial operations and strategic direction.
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