Argus Research Maintains a Buy Rating on Fiserv (FI)

Core Viewpoint - Fiserv, Inc. is considered a beaten-down growth stock with mixed analyst ratings, highlighting the need for the company to rebuild confidence in its growth prospects after lowering EPS guidance for 2025 and deferring investments [1][2]. Analyst Ratings - Stephen Biggar from Argus Research reiterated a Hold rating on Fiserv without a price target [1]. - Andrew Harte from BTIG maintained a Buy rating with a price target of $180 [3]. - Andrew Bauch from Wells Fargo initiated a Hold rating with a price target of $130, covering 20 stocks in the payments and processors, and IT services industry [3]. Company Performance and Strategy - Fiserv has significantly lowered its EPS guidance for 2025 and needs to reset its margin and growth targets due to deferred investments [2]. - The company operates through two main segments: Merchant Solutions and Financial Solutions, providing a range of fintech solutions for payment processing and transaction management [5]. Industry Context - The payments sector has faced challenges due to a shift towards AI-centric stocks and below-average execution from many companies, yet there remains optimism about the sector's potential [4].