Fiserv (FI) is in a series of noteworthy developments and partnerships, further strengthening its presence in digital payment solutions. The company has announced a partnership with
Early Warning introducing a new digital wallet solution. This partnership with the brainchild of
Zelle is deemed a direct challenge to seasoned digital wallet player, PayPal.
U.S. Bancorp has also joined forces with Fiserv to enhance their credit card solutions, aiming at a larger market reach. Notably, Fiserv has successfully acquired a major European payment processor,
AIB Merchant Services, strengthening its foothold in the global fintech market.
However, Fiserv's price targets have been decreased by various analysts. The series of price target reductions from well-known financial institutions like
Baird and
Mizuho come amidst adjustments in their growth estimates. In particular, Fiserv's poor projection for
Clover growth caused the stock to dip and has raised questions over its long-term viability. Meanwhile, analysts from Jefferies and Truist have reiterated their hold and buy ratings despite the stock's recent performance issues.
Michael P. Lyons was appointed as the new CEO for Fiserv, promising a refreshed momentum for the company.
Fiserv FI News Analytics from Thu, 23 Jan 2025 08:00:00 GMT to Thu, 19 Jun 2025 14:30:06 GMT -
Rating 2
- Innovation 8
- Information 6
- Rumor -4
