Fiserv (FI, Financial) has unveiled plans to introduce a digital asset platform, which will incorporate a new stablecoin named FIUSD. This initiative will integrate with Fiserv’s current banking and payments ecosystem by the end of the year. The launch of FIUSD aims to provide Fiserv’s clientele with a more efficient and interoperable digital asset service tailored for banking and payment operations.
The offering will leverage Fiserv’s extensive global network, which encompasses approximately 10,000 financial institutions and six million merchant locations, handling around 90 billion transactions each year. Such vast reach will enable FIUSD to achieve immediate scale, facilitating the creation of a digital asset network that clients can utilize to develop new products and services. Notably, Fiserv plans to roll out FIUSD using its existing technology platform without imposing additional costs on clients.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Fiserv Inc (FI, Financial) is $221.42 with a high estimate of $268.00 and a low estimate of $145.00. The average target implies an upside of 32.88% from the current price of $166.63. More detailed estimate data can be found on the Fiserv Inc (FI) Forecast page.
Based on the consensus recommendation from 38 brokerage firms, Fiserv Inc's (FI, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fiserv Inc (FI, Financial) in one year is $169.88, suggesting a upside of 1.95% from the current price of $166.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fiserv Inc (FI) Summary page.
