Goldman Sachs and Wells Fargo Cut Fiserv (FISV) Price Targets

Fiserv, Inc. (NASDAQ:FISV) is one of the 10 Most Promising Fintech Stocks to Buy Now. On July 9, Goldman Sachs analyst Will Nance reduced the firm's price target on Fiserv, Inc. (NASDAQ:FISV) from $70 to $60 and maintained a Neutral rating on the stock.

The analyst noted that the payments sector appears to be in a relatively strong position heading into Q2 earnings because of improved fundamentals, despite weak share performance so far this year.

Also on July 9, Wells Fargo cut its price target on Fiserv, Inc. (NASDAQ:FISV) from $62 to $56 and maintained its Equal Weight rating on the stock.

The research firm said it believes the company's second-quarter estimates are achievable, but does not expect the earnings report to provide a boost to the stock. According to Wells Fargo, investors remain focused on the company's steep expected growth in the second half of the year and its sudden CEO change.

Wells Fargo said key areas to watch include guidance for merchant transactions, the leadership transition, visibility into the expected second-half acceleration, the core banking business, and the potential debit network sale.

Fiserv, Inc. (NASDAQ:FISV) is a global financial technology and payments company that offers solutions for banking, merchant acquiring, global commerce, billing and payments, and point-of-sale.

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