Fiserv (FI) could recover after the firm "materially" missed Q3 expectations, lowered its 2025 guidance, and made a significant leadership refresh, Oppenheimer said in a note Wednesday.
"With shares down double-digits, expectations now reset, and valuation at 9x our reduced 2026 EPS estimate, we see upside,"
Oppenheimer analysts said.
They pointed to Clover still offering compounding volume at a high-single to low-double-digit pace and a path to generate mid-single-digit revenue growth & double-digit EPS growth by 2027.
"While a disappointing financial guidance cut, the new bar appears achievable," the analysts said.
Oppenheimer kept its outperform rating while cutting its price target to $91 from $178 to reflect lowered estimates.
Shares were down over 5% in recent trading.
Price: 66.78, Change: -3.82, Percent Change: -5.41
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