Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Oppenheimer lowered its price target on Fiserv (NYSE:FI) to $91.00 from $178.00 on Thursday, while maintaining an Outperform rating following the company’s third-quarter earnings miss. The stock currently trades at $69.20, down sharply from its previous close of $126.17, with InvestingPro data showing a 43% plunge over the past week.
Fiserv significantly underperformed expectations in the third quarter of 2025 and reduced its financial outlook for the year, prompting the substantial 49% reduction in Oppenheimer’s price target. InvestingPro data reveals that 7 analysts have revised their earnings downwards for the upcoming period, reflecting widespread concerns about the company’s near-term prospects.
The financial technology company announced a major leadership reorganization, appointing Takis Georgakopoulos and Dhivya Suryadevara as Co-Presidents and Paul Todd as CFO.
Management attributed the disappointing results to several factors, including slowing cyclical growth in Argentina, overly optimistic assumptions in previous guidance, deferred investments, and de-prioritization of certain initiatives.
Despite the setback, Oppenheimer maintained its Outperform rating, noting that with shares down by double digits and expectations reset, Fiserv’s valuation at 9x reduced 2026 EPS estimates offers upside potential, particularly with Clover still growing volume at high-single to low-double-digit rates.
In other recent news, Fiserv has reported significant developments following its third-quarter earnings miss and lowered guidance for 2025. The company’s earnings results have prompted several analysts to reassess their ratings and price targets. Argus downgraded Fiserv from Buy to Hold, citing the missed earnings expectations and the need for the company to reset its growth and margin targets. Similarly, Bernstein downgraded the stock from Outperform to Market Perform, expressing concerns about the company’s business operations and reducing its price target to $80 from $205.
RBC Capital also lowered its price target for Fiserv to $85, maintaining an Outperform rating but highlighting concerns over the company’s previous management strategy. Keefe, Bruyette & Woods adjusted their price target to $92 from $170, retaining an Outperform rating after Fiserv’s earnings conference call. Additionally, Seaport Global Securities downgraded Fiserv to Neutral from Buy, noting the company’s operational reset and revised future guidance. These recent developments reflect a shift in analyst sentiment towards Fiserv amid its financial adjustments and strategic changes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.