7. Fiserv, Inc. (NYSE:FI)
Year-to-Date Performance: 11.52%
Average Price Target Upside Potential According to Analysts: 14.49%
Number of Hedge Fund Holders: 80
Fiserv, Inc. (NYSE:FI) is an American multinational company that provides payments and financial technology products and services. The company offers a range of solutions for banking, global commerce, merchant acquiring and processing, billing and payments, and point-of-sale. It serves customers in retail and the financial industry, ranging from small businesses to large financial institutions. Fiserv, Inc. (NYSE:FI) ranks among the best-performing fintech stocks to buy.
In October 2024, the company announced that it is further investing in Clover to launch all-in-one solutions for restaurants, retailers, and service businesses. Clover is Fiserv, Inc.’s (NYSE:FI) cloud-based point-of-sale and business management platform. The new solutions combine flexible hardware with software to address the unique needs of individual businesses, providing restaurants, retailers, and service-based businesses with industry-specific solutions to save time, make money, and grow. The new solutions include new hardware, integrated capabilities such as employee management and customer loyalty programs, and flexible financial solutions like cash advances and instant transfers.
On February 5, 2025, TD Cowen analysts raised their price target on Fiserv, Inc. (NYSE:FI) from $235 to $277 and maintained a ‘Buy’ rating. This adjustment follows the company’s strong performance in its Merchant segment, which is driven by the success of its Clover product line. TD Cowen highlighted Fiserv, Inc.’s (NYSE:FI) potential for growth in the 2025 fiscal year as the company is expected to benefit from new products and partnerships. The analysts praised Fiserv, Inc.’s (NYSE:FI) financial profile, which includes a mid-teens or higher growth in earnings per share (EPS). TD Cowen pointed out that the company’s consistent performance could support further expansion in the market, especially as it continues to develop and scale its offerings.
