Fidelity National Financial

FNF · NYSE

$40.50+$0.76 (+1.91%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $39.74

FNF analyst rating

BuyConsensus of 4 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy3
Hold1
Underperform0
Sell0

12-month price target · 6 analysts

Average $62.02 (+53.1% upside)

Low: $54.54
Now: $40.50
High: $73.50

Upgrades and downgrades

The latest rating actions, newest first

FNF analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Oct 15, 2026	Maintains	Buy	$70.00 → $59.00	68%
Barclays	Oct 5, 2026	Maintains	Equal-Weight	$54.00 → $47.00	30%
Stephens & Co.	Aug 24, 2026	Maintains	Overweight	$55.00	13%
Keefe, Bruyette & Woods	Aug 10, 2026	Maintains	Outperform	$64.00 → $61.00	53%
Barclays	Aug 7, 2026	Maintains	Equal-Weight	$51.00 → $54.00	30%
Barclays	Jul 7, 2026	Maintains	Equal-Weight	$50.00 → $51.00	30%
Keefe, Bruyette & Woods	Jun 25, 2026	Maintains	Outperform	$67.00 → $64.00	53%
Stephens & Co.	May 12, 2026	Maintains	Overweight	$61.00 → $58.00	13%
Barclays	May 11, 2026	Maintains	Equal-Weight	$54.00 → $50.00	30%
Keefe, Bruyette & Woods	Apr 10, 2026	Maintains	Outperform	$71.00 → $67.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

Fidelity National Finl is attractive because its Commercial franchise appears to be the most durable near-term growth driver, with Direct Commercial revenue rising 32% YoY in 2Q26 and 15% YoY in 1Q26, supported by a diversified pipeline and a broad national/local footprint. Its Title business also shows structural resilience, as Adjusted Pretax Title Margin expanded to 17.8% in 2Q26 and 13.1% in 1Q26 despite recruiting-related cost pressure and still-muted residential activity, while margins have averaged roughly 600 bps above peers since 2015. The outlook is further supported by operating discipline, cash generation, and capital returns, including $875 million of operating cash flow in 1Q26, about $2.5 billion of cash, and continued share repurchases alongside AI and technology investments that should add efficiency over time.

Bear case

Fidelity National Finl is pressured by a still-fragile housing backdrop, where elevated mortgage rates and affordability constraints could keep transaction volumes subdued and delay a fuller recovery in its title business. Although 1Q26 revenue rose 18% year over year to $3.2 billion and adjusted net earnings increased 16.9% to $249 million, both fell short of elevated expectations, underscoring execution risk despite recent order growth outpacing FAF in 1Q26 and 2Q26. Near-term margins are also being weighed by recruiting investment, with field operations headcount rising to 11,000 in 2Q26 from 10,500 a year ago, while F&G still trades at a wide discount to book value.

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