- Fiserv shares skyrocket by 7% with the announcement of a new digital asset platform.
- Analysts set a positive target price range with an expected upside of 35.52%.
- Fiserv maintains an "Outperform" recommendation from brokerage firms.
Fiserv Inc. (FI, Financial) has recently captured the market's attention, experiencing a significant surge of over 7% in share value. This comes in the wake of the fintech company's strategic announcement regarding the launch of a new digital asset platform, featuring a stablecoin named FIUSD. The integration of FIUSD into Fiserv's existing payment systems is anticipated by year-end, offering clients a seamless transition without additional costs.
Wall Street Analysts' Forecasts for Fiserv
Wall Street analysts have expressed optimism towards Fiserv's growth potential. With projections gathered from 34 analysts, the average one-year price target for Fiserv Inc. (FI, Financial) stands at $221.42. This projection ranges from a high estimate of $268.00 to a low of $145.00, indicating a compelling upside of 35.52% from its current trading price of $163.38. For more in-depth price target data, explore the Fiserv Inc (FI) Forecast page.
In terms of market sentiment, Fiserv has earned a favorable average brokerage recommendation of 1.8, classified as "Outperform" by 38 evaluated brokerage firms. This rating, on a scale from 1 to 5, reflects strong confidence in the company's future performance, with 1 signifying a "Strong Buy" and 5 indicating a "Sell."
According to GuruFocus estimates, Fiserv's projected GF Value in one year is calculated at $169.89. This suggests a potential upside of 3.98% relative to the current price. The GF Value is GuruFocus' assessment of a stock's fair trading value, derived from its historical trading multiples, past business growth metrics, and future performance projections. For more comprehensive insight into Fiserv's valuation, visit the Fiserv Inc (FI, Financial) Summary page.
