Fiserv

FISV · NASDAQ

$48.25+$0.56 (+1.17%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $47.69

FISV analyst rating

HoldConsensus of 23 analysts over the last 12 months. 22% rate it a buy.

Strong buy0
Buy5
Hold17
Underperform1
Sell0

12-month price target · 33 analysts

Average $63.91 (+32.5% upside)

Low: $40.40
Now: $48.25
High: $110.37

Upgrades and downgrades

The latest rating actions, newest first

FISV analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 16, 2026	Maintains	Neutral	$57.00 → $53.00	64%
Cantor Fitzgerald	Oct 16, 2026	Maintains	Neutral	$53.00 → $48.00	49%
B of A Securities	Oct 15, 2026	Initiates	Underperform	$48.00	67%
TD Cowen	Oct 9, 2026	Maintains	Hold	$55.00 → $49.00	85%
Barclays	Oct 9, 2026	Maintains	Equal-Weight	$52.00 → $50.00	49%
Oppenheimer	Oct 8, 2026	Downgrade	Outperform → Perform	—	51%
B. Riley Securities	Sep 28, 2026	Maintains	Neutral	$66.00 → $51.00	52%
TD Cowen	Sep 3, 2026	Maintains	Hold	$55.00	85%
Cantor Fitzgerald	Aug 31, 2026	Maintains	Neutral	$53.00	49%
Truist Securities	Aug 20, 2026	Maintains	Hold	$52.00 → $53.00	68%

The case for and against

Updated Oct 14, 2026

Bull case

Fiserv is favored because its scaled, recurring-revenue Financial Solutions franchise and unique global distribution network provide durable competitive advantages, while Clover continues to expand with 11% GPV growth excluding gateway conversion, 13% revenue growth excluding data, hardware, and anticipation, and 25% of revenue from VAS. The company’s Merchant business is being strengthened by processing and distribution scale, physical commerce expertise, and a comprehensive portfolio review that could unlock strategic action, even as management expects 10%–15% GPV growth for FY26. It also has meaningful upside from AI deployment across operations and the announced $100M cybersecurity investment, which should support Project Elevate savings, future productivity gains, and execution through a more disciplined transition in 2027.

Bear case

Fiserv is facing a weak fundamental setup as organic revenue growth is expected to range from -1% to 0%, reflecting soft demand across Banking, Issuing, and Financial Solutions, where declines have already reached 8% in Financial Solutions and 10% in Issuing. The company also cut FY26 guidance sharply, with adjusted EPS guided to $7.20-$7.40 versus $8.00-$8.30 previously, while margins are compressing toward 31%-31.5% as delayed implementations, lower revenues, and heavier technology investment pressure profitability. Although FCF is expected near $3.5B in 2026, over $27B of net debt and fierce competition in e-processing and payments create meaningful leverage and execution risk, especially amid bank consolidation and acquisition-integration challenges.

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