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Fiserv (FISV) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Wed Apr 15, 6:29AM CDT

Wells Fargo analyst Jason Kupferberg reiterated a Hold rating on Fiserv yesterday and set a price target of $62.00. The company’s shares closed yesterday at $58.79.

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According to TipRanks, Kupferberg is an analyst with an average return of -7.7% and a 44.76% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Globant SA, and Toast Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Fiserv with a $73.12 average price target, implying a 24.37% upside from current levels. In a report released on April 9, Citi also maintained a Hold rating on the stock with a $60.00 price target.

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Based on Fiserv’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.28 billion and a net profit of $811 million. In comparison, last year the company earned a revenue of $5.25 billion and had a net profit of $938 million

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