This Analyst Just Slashed His Fiserv Stock Price Target by 55%. Should You Jump Ship Now?
Bear market by Champc vi iStock
Fiserv (FI) stock suffered its worst trading day ever on Wednesday, plunging 44% after the fintech giant slashed earnings guidance and overhauled its leadership team. The selloff forced Goldman Sachs to downgrade the stock and reduce its price target by 55% to $81. Valued at a market capitalization of $35.4 billion, FI stock is currently priced at $66 and is down 73% from its all-time high.
The payment technology company projected adjusted earnings for 2025 between $8.50 per share and $8.60 per share, below its previous midpoint guidance of $10.23 per share. It also estimated revenue to grow between 3.5% and 4% for the year, below an earlier forecast of 10%. In Q3 of…
