Analysts Are Revising Price Targets of These 5 Stocks Post Earnings

4. Fiserv, Inc. (NASDAQ:FISV)

Number of Hedge Fund Holders: 59

Multiple research firms lifted their price targets for Fiserv, Inc. (NASDAQ:FISV) on Wednesday, February 8, citing the fintech company’s solid results for the fourth quarter. RBC Capital increased its price target for FISV stock from $123 to $131, Susquehanna raised its price target from $135 to $140 and Credit Suisse lifted its price target from $115 to $130.

Fiserv, Inc. (NASDAQ:FISV) recently delivered strong financial results for Q4. The company earned $1.91 per share on an adjusted basis, representing a surge of 22 percent on a year-over-year basis. Its quarterly sales also rose 9 percent to $4.63 billion. Analysts were looking for earnings of $1.90 per share on revenue of $4.34 billion.

Fiserv, Inc. (NASDAQ:FISV) shares hit a new 52-week high of $117.15 on February 8 after the results.

Looking forward, Fiserv, Inc. (NASDAQ:FISV) guided for adjusted earnings in the range of $7.25 – $7.40 per share for 2023, representing a growth between 12 – 14 percent over last year.