Fiserv Earnings Report on Oct 29 to Clarify Mixed Analyst Views
Investors are eagerly awaiting Fiserv's earnings report on October 29, hoping it will shed light on the conflicting analyst ratings and price targets for the company. The upcoming report is expected to provide clarity on the financial performance, particularly the growth of its Clover platform.
Analysts have set price targets ranging from $130 to $160 for Fiserv, reflecting their mixed views on the company's prospects. Wells Fargo initiated coverage with an 'equal-weight' rating and a $130 price target, while KeyBanc was more optimistic, assigning an 'overweight' rating and a $145 target. Wolfe Research maintained an 'outperform' rating but reduced its price target to $160 from $180.
The earnings report is expected to reveal a quarterly EPS of $2.65 to $2.66 and a revenue of approximately $5.37 billion. Analysts are keen to see the growth of Fiserv's Clover platform, which could significantly impact the company's performance.
The upcoming earnings report on October 29 is poised to provide much-needed clarity on Fiserv's outlook, potentially resolving the differing views of analysts. Investors will be closely watching the company's financial performance, particularly the growth of its Clover platform, to make informed decisions about the stock.
