From Financial Modeling Prep: 2024-11-19 07:59:00

BMO Capital analysts raise Fiserv’s price target to $232, citing potential revenue upside and justified valuation expansion in the fintech sector. Despite a 58% YTD share increase, room for growth remains in the Merchant Solutions segment, with platforms like Clover and Carat poised to exceed targets. Latin American market conditions could further drive growth. The new target implies a 19x two-year forward PE ratio, reflecting confidence in Fiserv’s growth prospects and industry trends.



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