TD Cowen has increased its price target for Fiserv (FI, Financial) from $233 to $250, maintaining a Buy rating on the stock. The firm believes the recent dip in Fiserv's share price presents an opportunity for investors, as the company is set to benefit from scaling new products, geographic expansions, and contracts. These developments are expected to offset any potential reduction in consumer activity.
Cowen highlights Fiserv's robust execution capabilities and notes the firm's strong position in driving growth through its own initiatives. The firm considers the prevailing market skepticism to be excessive, given Fiserv's ability to navigate challenges and leverage its growth opportunities effectively.