Fiserv's Fair Value Estimate Edges Down Amid Earnings Miss, Leadership Changes, and Reset in Growth Expectations

Fiserv's fair value estimate has decreased from $95.84 to $95.48 due to an earnings miss, leadership changes, and a reset in growth expectations. Analysts demand more return on risk, and long-term revenue growth assumptions remain nearly steady. Despite sharp target cuts, several analysts maintain positive stances, framing the reset as a move toward more realistic assumptions and emphasizing durable recurring revenue. However, others highlight a reset in expectations, with multiple downgrades to Neutral, Hold, or equivalent, and expect flat or sharply slower revenue growth.