© Reuters. Mizuho sees near-term catalysts for Fiserv Inc (FISV)
Mizuho analysts reiterated a Buy rating and $140 price target on Fiserv Inc (NYSE:) 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 (NC) and Stripe (private), given its organic growth outperformance vs. legacy peers,” the analysts concluded.
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