Mizuho sees near-term catalysts for Fiserv Inc
Mizuho sees near-term catalysts for Fiserv Inc (FISV)
FI
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ADYEY
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Mizuho analysts reiterated a Buy rating and $140 price target on Fiserv Inc (NYSE:FI) in a note to clients Friday.
They told investors that the firm recently hosted a group dinner with the company’s president and CEO, Frank Bisignano.
The dinner had an upbeat tone, said the analysts, with near-term catalysts and long-term upside discussed. «Overall sentiment was very upbeat, and the CEO sounded confident in achieving FY targets,» they wrote.
«Most important positive takeaways included: reaching product parity with TOST by next year, leveraging Fiserv’s distribution to double wallet share with its existing bank partners, and pursuing opportunistic tuck-ins to boost software capabilities.»
«In our view, Fiserv’s new peers should be Adyen (NC) and Stripe (private), given its organic growth outperformance vs. legacy peers,» the analysts concluded.